Tether has launched a new U.S.-focused stablecoin called USAT, marking its first product built specifically for the American regulatory environment.
The token is issued through Anchorage Digital Bank, a federally chartered crypto bank, bringing USAT under U.S. financial oversight.
Unlike USDT, which operates globally, USAT is designed to comply with the GENIUS Act and other federal stablecoin rules.
This move puts Tether in direct competition with Circle’s USDC, which has long been the preferred stablecoin for U.S. institutions.
Tether says USAT will offer institutions a regulated, transparent dollar-backed token while maintaining the efficiency of blockchain-based payments.
The project is led by Bo Hines, former head of the White House Crypto Council, and Cantor Fitzgerald has been appointed as reserve custodian.
The launch is part of Tether’s effort to improve its standing with U.S. regulators after years of scrutiny over its offshore structure. USAT will be available on major platforms including Kraken, OKX, Crypto.com, and MoonPay, targeting rapid institutional adoption.
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