Tether officially launches ‘Made in America’ USAT stablecoin as mass TradFi adoption looms
Tether has officially launched its USAT stablecoin, designed for U.S. users under federal regulation, amid growing traditional finance interest in stablecoins.Summary
Tether, the world's largest stablecoin issuer, has formally launched its USAT stablecoin, which is specifically designed for U.S. users to operate within the U.S. federal regulatory framework, unlike its globally used USDT token.
The introduction of USAT follows the U.S. Congress passing stablecoin legislation, the GENIUS Act, last summer. The launch is anticipated as traditional finance (TradFi) institutions are nearing large-scale implementation of dollar-pegged stablecoins. Bo Hines, a former White House crypto policy advisor and current CEO of Tether USAT, emphasized a focus on stability and governance for the new token.
USAT is being issued by U.S.-based Anchorage Digital Bank, with Cantor Fitzgerald acting as the reserve custodian. Tether CEO Paolo Ardoino stated that USAT extends USDT's proven utility by offering a federally regulated product for the American market. The stablecoin will initially be available on exchanges including Bybit, Crypto.com, Kraken, OKX, and Moonpay.
(Source：The Block)