📅 September 12 | Washington, D.C.
Stablecoin giant Tether delivered a double blow to the market: it unveiled its new subsidiary in the United States, headed by Bo Hines, and announced the launch of a new stablecoin called USAT, designed to operate under the local regulatory framework.
📖 Tether seeks to gain ground in the regulated US market, where pressure from the SEC and the Federal Reserve have left stablecoin issuers on delicate ground.
Bo Hines, former congressman and emerging figure in politics and business, will be responsible for leading the expansion.
USAT, the new stablecoin, will be backed by dollar assets held in regulated custody in the US, marking a key difference from USDT, which operates with greater international flexibility.
The goal is to position Tether as an institutional player in a country where demand for regulated stablecoins is growing rapidly.
The news generated immediate excitement in the crypto ecosystem: many see USAT as Tether's answer to the threat from Circle and its USDC, which dominates a large part of the North American market.
Topic Opinion:
Tether's move is strategic: it directly attacks the heart of the regulated crypto market, where until now it seemed to avoid competing fully. With Hines as a political and executive figure, and a product designed for US requirements.
💬 Do you think USAT will succeed in displacing USDC in the United States?
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