Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Tether Launches USA₮ Stablecoin Under GENIUS Act

Highlights:

  • Tether launches USA₮, a dollar-backed stablecoin for use in the United States.
  • Tether ensures compliance and transparency through Anchorage Bank and Cantor Fitzgerald.
  • USA₮ will first launch on Kraken, Crypto.com, OKX, Bybit, and MoonPay.

After years of regulatory pressure on offshore-issued tokens, Tether has introduced USA₮, a dollar-backed stablecoin, under the GENIUS Act. Anchorage Digital Bank, N.A., a federally chartered institution, is the official issuer of USA₮. It is among the first banks authorized to release payment stablecoins under the new law. The bank has built infrastructure focused on transparency, compliance, and risk management.

Advertisement

Banner

Anchorage Digital Bank emphasized that USA₮ not only meets regulatory obligations but also operates reliably at an institutional scale. U.S.-regulated exchanges and banking partners are preparing to provide broad access across the domestic financial ecosystem.

The GENIUS Act makes banks or approved entities fully backed and allows them to issue stablecoins. Federal authorities will supervise them. U.S. exchanges, banks, and payment platforms will block offshore coins that do not follow these rules.

The debut comes after Tether named former White House Crypto Council executive director Bo Hines as CEO of Tether USA₮ last year. With Tuesday’s rollout, U.S. users now have access to a regulated dollar-backed token that complies with the federal regulations.

Cantor Fitzgerald has been appointed as reserve custodian and preferred primary dealer. The firm will provide secure asset management and visibility into reserves. This arrangement strengthens confidence in the coin’s backing from the beginning.

Tether Launches USA₮ to Bring Regulated Digital Dollars to U.S. Institutions

Tether has reportedly become the 17th-largest holder of U.S. Treasuries worldwide. It has even surpassed several sovereign nations. Its flagship stablecoin, USD₮, continues to lead the global stablecoin market. It supports payments, commerce, and reserves.

But Tether’s offshore setup restricts its presence in the U.S. under the new law. Hence, the launch of USA₮ allows it to uphold USD₮’s global reach and provide U.S. institutions with a regulated stablecoin for domestic payments.

Tether CEO Paolo Ardoino reportedly said, “USAT offers institutions an additional option: a dollar-backed token made in America USDT has proven for more than a decade that digital dollars can deliver trust, transparency, and utility at a global scale.”

Bo Hines said the launch of USAT marks a digital dollar built to meet federal rules. He added that the focus is on stability, transparency, and responsible management. He added, “USA₮ is designed to meet federal regulatory expectations while delivering stability, transparency, and responsible governance. It ensures the United States remains competitive in the evolution of digital money.”

During its initial rollout, USA₮ will be available on Kraken, Crypto.com, OKX, Bybit, and MoonPay. Additional U.S.-regulated exchanges and banks will add support. According to bitcointreasuries.net, Tether holds 96,370 bitcoin valued at approximately $8.6 billion. This reserve position underscores the company’s significant role in the broader digital asset market.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner