Anchorage Digital is launching a stablecoin issuance platform, starting with Ethena Labs’ USDtb, as new U.S. legislation reshapes the stablecoin market.

OSL Group, one of Hong Kong’s earliest licensed crypto exchanges, has raised $300 million in an equity round to expand its business globally.

Strategy, Michael Saylor’s bitcoin-focused company, has raised $2.8 billion through a new type of preferred stock to fund more BTC purchases.

Top stories in the Crypto Roundup today:

• Anchorage Digital to Issue GENIUS-Compliant Stablecoins
• OSL Raises $300M to Expand Crypto Services Globally
• Michael Saylor’s Strategy Raises $2.8B to Expand Bitcoin Holdings

Anchorage Digital to Issue GENIUS-Compliant Stablecoins

Anchorage Digital is launching a stablecoin issuance platform, starting with Ethena Labs’ USDtb, as new U.S. legislation reshapes the stablecoin market.

USDtb, previously issued offshore, will now be issued through Anchorage Digital Bank, the only crypto company with a national trust charter from the U.S. Office of the Comptroller of the Currency.

The shift follows the passage of the GENIUS Act, signed by President Donald Trump last week, which expands OCC authority to oversee nonbank stablecoin issuers. 

Ethena raised $100 million to support USDtb, which has over $1.45 billion in circulation. Anchorage is positioning itself as a key issuer as firms like Circle, Ripple and BitGo seek similar federal charters.

OSL Raises $300M to Expand Crypto Services Globally

OSL Group, one of Hong Kong’s earliest licensed crypto exchanges, has raised $300 million in an equity round to expand its business globally.

The funding will go toward building out stablecoin infrastructure and regulated payment rails, the company said. CFO Ivan Wong pointed to rising interest from sovereign wealth funds, hedge funds and long-only investors in both Asia and abroad.

The raise comes as Hong Kong prepares to implement a new stablecoin law on August 1, part of its effort to position itself as a hub for digital finance. OSL plans to use the capital to seize opportunities created by clearer regulatory frameworks in the city and beyond.

Michael Saylor’s Strategy Raises $2.8B to Expand Bitcoin Holdings

Strategy, Michael Saylor’s bitcoin-focused company, has raised $2.8 billion through a new type of preferred stock to fund more BTC purchases.

The shares, dubbed Stretch, promise a 9% annual payout with no end date and allow the company to adjust the dividend monthly. The offering was upsized from $500 million due to strong demand, and shares were priced at $90, below their $100 face value.

Strategy now holds about 600,000 BTC, worth roughly $70 billion. Since pivoting from enterprise software, the company has used equity and layered debt to build one of the largest corporate crypto treasuries.

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