Tether plans to expand USAT stablecoin reach to 100M Americans by December: CoinDesk
Tether aims to reach 100 million Americans with its USAT stablecoin by December through a partnership with Rumble.Summary
Tether, the issuer of USDT, is expanding into US-regulated digital assets with its new USAT stablecoin, aiming to reach 100 million Americans by December. USAT is fully compliant under the GENIUS Act, backed one-to-one by the US dollar, with reserves managed by Cantor Fitzgerald and operations through Anchorage Digital. Tether CEO Paolo Ardoino announced a major distribution partnership with Rumble, in which Tether invested $775 million. This integration will allow Rumble, which has 51 million monthly US users, to enable Bitcoin and crypto tipping through its upcoming wallet, significantly expanding USAT access. Tether has also appointed Bo Hines as CEO to lead the USAT initiative and established a US headquarters for domestic growth.
(Source：Crypto Briefing)