Tether has launched USAT, a new US-regulated, dollar-backed stablecoin created for the federal stablecoin framework introduced by the GENIUS Act, the company said in a Tuesday statement.
The token is issued by Anchorage Digital Bank, the nation’s first federally regulated stablecoin issuer, and led by CEO Bo Hines.
According to Tether CEO Paolo Ardoino, the stablecoin gives institutions an additional choice for a dollar-backed token produced in America, complementing USDT’s established reputation for reliability and transparency, and introducing a federally compliant solution specifically for American users.
The coin supports a scalable infrastructure, on-chain transparency, and institutional-grade compliance, with Cantor Fitzgerald overseeing reserves.
USAT is now available on exchanges such as Bybit, Crypto.com, Kraken, OKX, and MoonPay.
By providing a federally regulated option for American users, USAT reinforces the role of the US dollar in the digital economy and represents a step forward in regulated, utility-driven stablecoins for commerce and finance.
Source: https://cryptobriefing.com/federally-regulated-stablecoin-usat-launch/
