Ethena's native token, ENA, surged over 28% on Friday, bucking the broader crypto market's downward trend. This price spike came after Ethena announced a strategic partnership with Anchorage Digital, a federally chartered crypto bank. The collaboration is set to introduce Ethena's second stablecoin, USDtb, to the US market, in compliance with the GENIUS Act, which requires stablecoins to be fully backed by liquid assets. USDtb will be supported by institutional-grade tokenized treasury funds, including BlackRock’s BUIDL, and will operate on the Ethereum blockchain. Ethena Labs CEO Guy Young expressed optimism about the partnership's potential to expand USDtb's adoption. ENA is currently trading at $0.607, reflecting a 56% increase over the past week, despite a 4% decline in the overall crypto market cap in the last 24 hours.