Today, I also chatted with my friends about $USDe and $ENA. Previously, ENA's headquarters was in Singapore. Although USDe is a stablecoin, its payments are non-compliant without full compliance. Moreover, USDe is not backed by US dollars or US Treasury bonds, so how can it become compliant?

I am quite curious; the general operation should be that ENA's partner, Anchorage Digital, will prepare a large amount of cash in US dollars or equivalent short-term US Treasury bonds to back USDtb, thereby making USDtb a compliant stablecoin.

Additionally, Anchorage Digital Bank is currently the only federally chartered crypto bank in the United States, so there should be no issues with funding. Next, it all depends on the application process.

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