TL;DR
- Tether will launch USAT, a U.S.-regulated stablecoin designed to complement USDT and maintain high standards of transparency.
- Bo Hines will lead the team behind the project, overseeing the stablecoin’s implementation under full regulatory compliance from day one.
- USAT will be issued by Anchorage Digital, with Cantor Fitzgerald acting as reserve custodian, providing a secure and regulated payment method.
Tether announced the launch of USAT, a U.S.-regulated, dollar-backed stablecoin designed to complement its main token, USDT, which currently has a market capitalization exceeding $169 billion.
The objective of USAT is to offer businesses and institutions a secure, regulated digital medium that serves as an alternative to cash and traditional payment systems while maintaining high standards of transparency, governance, and asset custody. The stablecoin will comply with current U.S. legislation, including the GENIUS Act, ensuring regulatory adherence from its issuance.
Bo Hines, former Executive Director of the White House Crypto Council under President Donald Trump, was appointed CEO of Tether USAT. Hines will oversee the stablecoin’s rollout and lead the team from Charlotte, North Carolina. The company highlighted that the simultaneous introduction of the token and CEO aims to strengthen U.S. leadership in the market and guarantee that the project meets regulatory standards from day one. Paolo Ardoino, CEO of Tether, emphasized that the company prioritizes transparency and financial resilience, aiming to reinforce the dollar’s role in the digital economy.
Tether Prepares to Deliver Stablecoins to U.S. Institutions
USAT will be issued by Anchorage Digital, the first federally regulated crypto bank, while Cantor Fitzgerald will serve as reserve custodian and primary dealer. The platform will leverage Hadron technology. The stablecoin will not be legal tender and will not carry government-backed insurance, so users must operate within a regulated framework and fully understand the associated risks.
Tether’s goal is to set a standard for stablecoins in the United States by offering a transparent and accessible product that functions as infrastructure for payments, commerce, and digital finance. The company maintains a strong global presence through USDT, reaching nearly 500 million users in emerging markets, with a focus on underserved and unbanked communities.
USAT represents a critical step toward integrating crypto innovation into the traditional U.S. financial system, providing businesses and users with a reliable and secure digital payment solution
