Tether Announces New U.S.-Based Stablecoin “USAT”

What it is, Why it Matters, and What to Watch

Cryptocurrency issuer Tether, best known for USDT, has revealed plans to launch a new stablecoin called USAT, specifically aimed at the U.S. market. This development could have significant implications for regulation, market adoption, and how stablecoins are perceived in the U.S. financial system. �

Reuters

What Is USAT?

Name: USAT

Purpose: A stablecoin designed for U.S. residents. �

Reuters

Issuer: Will be issued by Anchorage Digital Bank, which has a national trust bank charter under the U.S. Office of the Comptroller of the Currency. �

Reuters

Regulatory compliance: Tether intends for USAT to comply with the GENIUS Act (recent U.S. stablecoin regulation). �#USAT