Anchorage Digital's Atlas Platform Begins Managing Collateral for Ethena Labs' Institutional Lending

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According to Bitcoin.com News, Anchorage Digital's Atlas platform has begun managing collateral for Ethena Labs' institutional lending operations, with assets remaining within Anchorage Digital's regulated custody framework rather than moving fully onchain. The arrangement allows institutional borrowers to access crypto-native credit while maintaining compliance with custody and segregated account requirements. Anchorage Digital Bank N.A. also serves as the U.S. issuer of USDtb, Ethena Labs' stablecoin, extending a partnership spanning stablecoin issuance, custody, and institutional lending infrastructure.
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