Foresight News , Tether officially launched USAT, a US federally regulated and dollar-backed stablecoin, today. 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 United States. 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 US market and digital payment infrastructure, with initial platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USDT will continue to operate globally. Currently, Tether Group is the 17th largest holder of US Treasury bonds globally.
