Tether has announced plans to launch USAT, a U.S.-regulated, dollar-backed stablecoin designed to strengthen the dollar’s role in digital markets.
The new token will comply with the GENIUS Act, be backed by transparent reserves, be issued through Anchorage Digital, and be custodied by Cantor Fitzgerald. It will run on Tether’s Hadron tokenization platform.
As part of the launch, Bo Hines, former Executive Director of the White House Crypto Council, has been named CEO of Tether USA, signaling a push for American leadership and regulatory compliance. Tether CEO Paolo Ardoino said USAT aims to be “more transparent, more resilient, more accessible, and more unstoppable” as the company expands its U.S. presence and focuses on institutional markets.
The move comes amid rapid growth in the stablecoin sector. USDT, Tether’s flagship token, has grown to $169 billion, is used daily by nearly 500 million people, and processes over $1 trillion in monthly transactions.
The broader market has surpassed $2.5 trillion in transactions, with Ethereum hosting most activity and Binance holding $44.2 billion in stablecoins. Tether is also expanding technically—bringing USDT to the RGB protocol on Bitcoin—and exploring gold investments as it seeks to cement its position as the industry leader.
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