Tether Officially Debuts USA₮ In First Move Under US Stablecoin Framework
Tether, the issuer of the dominant stablecoin USDT, has officially launched a new dollar-pegged cryptocurrency called USA₮, specifically designed for the U.S. market. This marks Tether's formal re-entry into the U.S. under the new federal regulatory framework established by the GENIUS Act, following a 2021 settlement with the New York Attorney General that had previously limited its U.S. operations.
USA₮ is issued by Anchorage Digital Bank and is structured to comply with federal oversight requirements. Cantor Fitzgerald will serve as the reserve custodian. The token aims to provide U.S. institutions with a compliant, transparent digital dollar option, built upon the operational experience of USDT. It will be available on major platforms including Bybit, Crypto.com, Kraken, OKX, and MoonPay. Tether CEO Paolo Ardoino and Tether USA₮ CEO Bo Hines emphasized the focus on regulatory compliance, stability, and maintaining U.S. leadership in financial innovation.
bitcoinist01/28 12:34
