Tether officially launched its USAT stablecoin, which is subject to US federal regulation.

On January 27, Tether officially launched USAT, a stablecoin regulated by the U.S. federal government and backed by the U.S. dollar. Developed under the federal stablecoin framework established by the GENIUS Act, the token is issued by Anchorage Digital Bank, the first federally regulated stablecoin issuer in the U.S. Bo Hines has been appointed CEO of Tether USAT. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer. USAT is designed specifically for the U.S. market and digital payment infrastructure, with initial listings on platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USDT will continue to operate globally. Currently, the Tether Group is the 17th largest holder of U.S. Treasury securities globally.