Tether Launches USAT Stablecoin in US Market Under New Regulatory Framework

Tether has officially entered the US market with its new dollar-backed stablecoin, USAT, marking a strategic expansion under the recently passed GENIUS Act. The stablecoin will operate under US regulatory oversight, with former White House crypto official Bo Hines at the helm as CEO. "I am honored to lead USAT as we prepare for its launch, creating a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy," Hines declared.

The venture leverages partnerships with Anchorage, a federally chartered stablecoin issuer handling USAT's issuance, and Cantor Fitzgerald, custodian of its treasury reserves. The announcement was made at Manhattan's Spyscape museum, with key industry figures like Apollo Global Management's Christine Moy and Multicoin Capital's Kyle Samani in attendance. Tether CEO Paolo Ardoino emphasized the move as a pivotal step in bridging traditional finance and digital assets.

The GENIUS Act, signed into law in July, grants the Office of the Comptroller of the Currency authority over stablecoin issuers, providing a clear regulatory pathway for USAT. Tether's growing influence in Washington underscores its ambition to shape the future of dollar-pegged digital currencies.