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Anchorage Digital joins Ethena Labs as collateral manager for institutional lending

Crypto custody firm Anchorage Digital is working with Ethena Labs to act as a collateral manager for institutional lending. Through its Atlas Collateral Management platform, Anchorage will custody and manage collateral for Ethena’s institutional lending activity, allowing institutions to borrow from Ethena without fully transferring collateral on-chain. Atlas monitors collateral and borrowing limits in real time and automates margin processes. Anchorage Digital Bank also participates as issuer of Ethena’s institutional stablecoin USDtb.