Tether Launches USAT, a Federally Regulated, Dollar-Backed Stablecoin for the U.S. Market
Tether launched USA†, a federally regulated, dollar-backed stablecoin issued by Anchorage Digital Bank for the U.S. market.Summary
Tether, the largest digital asset company by stablecoin circulation, announced the launch of USA†, a dollar-backed stablecoin designed for the U.S. market under the recently enacted GENIUS Act. USA† is issued by Anchorage Digital Bank, N.A., a federally chartered U.S. bank approved to issue payment stablecoins under the new law. This marks Tether's first stablecoin fully operating within the U.S. regulated financial system, addressing years of scrutiny over offshore tokens. The GENIUS Act established the first nationwide stablecoin framework requiring full reserve backing and regulatory supervision. Cantor Fitzgerald will serve as the reserve custodian. CEO Paolo Ardoino stated that USA† extends USD†'s mission with a federally regulated product, while Bo Hines, CEO of Tether USA†, noted it targets institutional users. The stablecoin is initially available on platforms like Kraken, Crypto.com, OKX, Bybit, and MoonPay.
(Source：Bitcoin Magazine)