PANews reported on November 26th that, according to CoinDesk, Anchorage Digital, a federally chartered cryptocurrency bank, plans to launch a rewards program for holders of USDtb and USDe tokens without directly offering returns that would violate US stablecoin laws. According to the report, institutions can hold these two tokens on the Anchorage platform without staking or locking assets; idle holdings will earn rewards. These rewards will be distributed by Anchorage Digital Neo Ltd., an entity separate from Anchorage Digital Bank, to circumvent GENIUS regulations.

The spokesperson stated that the underlying stablecoin and rewards are secured by an industry-leading custody and security architecture, and the plan, funded by Anchorage, aims to improve flexibility and capital efficiency for institutional fund management. The GENIUS Act, passed earlier this year, prohibits stablecoin issuers from paying interest to prevent unregulated banking activities and effectively bans yield-bearing stablecoins. Anchorage's architecture may provide a compliance template for US issuers, enabling them to distribute similar rewards to token holders.