Tether Launches USAT as First Bank-Issued Stablecoin for U.S. Market
Tether has introduced USAT, its first bank-issued stablecoin tailored for the U.S. market, in response to the GENIUS Act's regulatory framework. The MOVE marks Tether's strategic pivot toward compliance and reentry into the regulated American financial landscape.
Anchorage Digital Bank, operating under a federal charter, will issue USAT as a fully reserved digital dollar. This structure provides institutional investors with a compliant on-ramp to dollar-backed digital assets while satisfying federal oversight requirements.
The launch intensifies competition with Circle's USDC as stablecoin adoption grows among regulated entities. USAT's bank-issued model sets a precedent for how issuers might navigate evolving digital asset regulations in Western markets.
