Tether Launches USAT, a Stablecoin Regulated by the US Federal Government

BlockBeats News, January 27th, Today Tether officially launched USAT, a US-regulated and US dollar-backed stablecoin. The token was developed following the federal stablecoin framework established by the GENIUS Act and issued by the first US-regulated stablecoin issuer, Anchorage Digital Bank. Bo Hines was appointed as the CEO of Tether USAT. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer.

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