Tether, the issuer behind the world's largest stablecoin USDt, has officially launched USAt, a new dollar-pegged stablecoin meticulously crafted for the United States market. This strategic move underscores Tether's commitment to expanding its digital dollar offerings while aligning with the evolving regulatory landscape in the US.
A New Era for US Digital Dollars
The official rollout of USAt sees Anchorage Digital Bank stepping in as the designated issuer, positioning it as a "federally regulated and dollar-backed" stablecoin. USAt is specifically designed to function within the parameters of the upcoming US GENIUS Act, a landmark legislation set to establish a comprehensive federal framework for payment stablecoins by July 2025. Launching with an initial supply of $10 million as an ERC-20 token on the Ethereum blockchain, the venture is led by CEO Bo Hines, whose background includes heading the Trump administration's Digital Asset Advisory Council, signaling a clear focus on navigating the US political and regulatory environment.
Institutional Appeal and Strategic Partnerships
USAt is engineered to cater to the stringent demands of institutional investors within the United States, offering a "made in America" digital dollar option. It has quickly become accessible across major cryptocurrency platforms, including Bybit, Crypto.com, Kraken, OKX, and MoonPay. Ensuring secure asset management and transparent reserve visibility, global financial services firm Cantor Fitzgerald has been appointed as the designated reserve custodian and primary operator. This initiative aims to extend Tether's proven track record of providing trusted and transparent digital currency solutions, now with a product specifically tailored to meet the federal regulatory expectations and institutional needs of the American market.
