Tether Launches USAT, a New U.S.-Regulated Stablecoin
Tether, the issuer of the largest stablecoin USDT, announced a new U.S.-regulated stablecoin called USAT. The announcement took place at an event in New York City. Tether also named Bo Hines as the future CEO of its new American division.
Stablecoin Market Growth and Regulatory Support
The stablecoin market has grown from $208 billion to $287 billion this year. This growth follows new regulatory clarity, including the GENIUS Act passed in mid-July. The law, signed by President Donald Trump, creates a federal framework for stablecoin issuers.
USAT’s Compliance and Leadership
USAT will fully comply with the GENIUS Act. Tether partnered with federally regulated crypto bank Anchorage Digital to issue the token. Cantor Fitzgerald will manage the reserves. These reserves back USAT 1:1 with U.S. dollars and are fully disclosed, meeting new regulatory standards.
Paolo Ardoino, Tether’s CEO, said, “For over a decade, Tether has issued USD₮, the backbone of the digital economy. Today, with USA₮ and Bo Hines as CEO, we bring that strength to the U.S. under a world-leading regulatory framework.”
Ardoino added that USAT aims to bring digital dollar benefits to the U.S., the world’s largest financial market. While USDT has a $169 billion market cap and serves emerging markets, USAT targets U.S. businesses and institutions.
Bo Hines, a lawyer and former White House Crypto Council director, will lead Tether USA₮. He said, “I am honored to lead USA₮ as we prepare for its launch. We are creating a U.S.-regulated dollar-backed stablecoin to strengthen America’s role in the global economy.”
Hines emphasized that compliance, transparency, and innovation will keep the dollar as a trusted foundation in digital assets.
