Tether has officially announced USAt, a new stablecoin issued and operated entirely under the federal legal framework of the United States, marking an important step for the company in expanding into the mainstream financial market.
The first stablecoin under the GENIUS Act
USAt is issued by Anchorage Digital Bank – the first digital asset bank in the U.S. with a federal charter, while Cantor Fitzgerald manages the reserve assets. This is considered the first large-scale stablecoin to emerge after the GENIUS Act came into effect, meeting strict requirements for transparency, reserves, and oversight.
According to the announcement, USAt is designed to serve financial institutions and investors in the U.S., as Washington is pushing to bring stablecoins into formal regulatory frameworks rather than allowing them to develop in a legal "gray area".