Tether Officially Launches USAT, a US Federal Reserve-Regulated Stablecoin

BlockBeats News, January 27th, Tether announced today the official launch of the USAT stablecoin, which is regulated by the U.S. federal government and pegged to the U.S. dollar. The token was developed based on the federal stablecoin framework established by the GENIUS Act and issued by the first U.S. federally regulated stablecoin issuer, Anchorage Digital Bank. Bo Hines has been appointed as the CEO of Tether USAT. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer. USAT is now available to U.S. users looking to use a dollar-backed stablecoin.

USAT is designed for the U.S. market and digital payment infrastructure, with the first batch of platforms going live including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USDT will continue to operate globally. Currently, Tether is the 17th largest holder of U.S. Treasury bonds globally, surpassing sovereign nations such as Germany, South Korea, and Australia.