Tether Unveils USAT Stablecoin as First Offering Under the GENIUS Act’s Federal Framework

Tether Unveils USAT Stablecoin as First Offering Under the GENIUS Act’s Federal Framework
Table of Contents

TL;DR

  • USAT Launch: Tether introduced USAT, a federally regulated, dollar‑backed stablecoin built for the U.S. market under the GENIUS Act, marking its formal entry into America’s federal oversight model.
  • Regulated Infrastructure: Anchorage Digital Bank issues USAT with on‑chain transparency, risk management, and bank‑grade compliance, while Cantor Fitzgerald manages reserves.
  • Market Expansion: USAT will debut on Bybit, Crypto.com, Kraken, OKX, and MoonPay, offering institutions and retail users a regulated digital dollar option.

Tether has launched USAT, a federally regulated, dollar‑backed stablecoin designed for the U.S. market under the GENIUS Act, marking a pivotal shift in how digital dollars may function within a fully supervised national framework. Issued by Anchorage Digital Bank, the token represents Tether’s formal entry into America’s new federal stablecoin regime and signals a broader evolution in the country’s approach to digital asset oversight.

A Purpose‑Built Stablecoin for the U.S. Regulatory Model

USAT is now available to U.S. users seeking a stablecoin structured to meet federal expectations, offering institutions a dollar‑backed token issued through a nationally chartered bank. Tether emphasized that, unlike USDT, which continues to operate globally while progressing toward GENIUS Act compliance, USAT is engineered specifically for the United States and its increasingly digital payment infrastructure. The company framed the launch as a milestone for both Tether and the future of the U.S. dollar as global competition intensifies around digital currency leadership.

Anchorage Digital Bank Takes the Lead as Issuer

Anchorage Digital Bank, the first federally regulated stablecoin issuer in the country, serves as the official issuer of USAT. The bank has developed infrastructure focused on on‑chain transparency, integrated risk management, and bank‑grade compliance. Tether noted that USAT is designed not only to satisfy regulatory requirements but to operate reliably within them at an institutional scale. U.S.‑regulated exchanges and banking partners are being prepared to support broad access across the domestic financial ecosystem.

Strengthening Trust Through Federal‑Aligned Oversight

Strengthening Trust Through Federal‑Aligned Oversight

Cantor Fitzgerald will act as reserve custodian and preferred primary dealer, providing secure asset management and clear visibility into reserves from the outset. The launch also aligns with Tether’s expanding macroeconomic footprint, as the company has become the 17th‑largest holder of U.S. Treasuries globally, surpassing several sovereign nations. USDT remains the world’s most widely adopted stablecoin, supporting global payments, commerce, and reserves.

Expanding Access Through Major Platforms

During the initial rollout phase, USAT will be available on Bybit, Crypto.com, Kraken, OKX, and MoonPay, offering institutions and retail users a regulated digital dollar option. Tether executives Paolo Ardoino and Bo Hines highlighted USAT’s focus on stability, transparency, and responsible governance as the United States seeks to maintain leadership in digital dollar innovation.

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