Tether officially launched USAT, its first federally regulated U.S. dollar stablecoin designed exclusively for the U.S. market, and made it available to users. The asset was developed in compliance with the GENIUS Act.
Tether announced the launch of USAT, a new U.S. dollar-backed stablecoin created specifically to operate within the U.S. federal regulatory framework. In its initial phase, USAT is available to users on Bybit, Crypto.com, Kraken, OKX, and MoonPay.
Unlike the global stablecoin USDT, which continues to operate worldwide and is gradually adapting to the requirements of the GENIUS Act, USAT was built from the ground up for the American financial system. The token is designed to integrate with the U.S. digital payments infrastructure and is primarily aimed at institutional use cases.
USAT is issued by Anchorage Digital Bank, the first federally chartered bank in the United States authorized to issue stablecoins. The bank provides scalable infrastructure, on-chain transparency, built-in risk management mechanisms, and bank-grade compliance.
Cantor Fitzgerald was appointed as the custodian of reserves and also serves as the primary dealer. This structure ensures reserve transparency and robust asset management from the first day of the token’s circulation. Tether is currently building a network of partners among regulated U.S. exchanges and banks to expand access to USAT.
The launch of USAT comes amid Tether’s growing role in the global financial system. According to the company, Tether Group ranks 17th among the world’s largest holders of U.S. Treasuries, surpassing countries such as Germany, South Korea, and Australia. At the same time, USDT continues to be widely used in international settlements, trading, and as a reserve digital dollar.
Tether CEO Paolo Ardoino noted that USAT provides institutional participants with an additional option — a dollar token created and regulated in the United States. He emphasized that USDT has demonstrated the reliability of a digital dollar on a global scale for more than a decade, while USAT extends this model to the U.S. market.
Bo Hines, CEO of Tether USAT, stressed that the new stablecoin was designed from the outset to meet federal requirements: “Our focus is stability, transparency, and responsible governance, ensuring that the United States continues to lead in dollar innovation.”
The launch of USAT follows an announcement made in September 2025, when Tether unveiled the token concept and appointed Bo Hines, ex-Executive Director of the White House Crypto Council, as CEO of the project. The company also previously announced plans to integrate USAT with video platform Rumble to promote the asset among users.
