news.bitcoin.com
Tether has formally launched USAT, a dollar-backed stablecoin issued under the United States’ new federal stablecoin framework and designed exclusively for the domestic market.
USAT Goes Live
The token is issued by Anchorage Digital Bank, a nationally chartered institution operating under federal oversight, marking a structural departure from Tether’s globally circulating stablecoin products.
USAT is intended to comply with requirements set out under the GENIUS Act, the recently enacted federal framework governing stablecoin issuance in the United States. Tether previously disclosed the token’s design in late 2025 and named former White House Crypto Council executive director Bo Hines as chief executive of its U.S. stablecoin unit.
With the official launch, the announcement shared with Bitcoin.com News explained that USAT will be available to U.S.-based institutions and platforms seeking a regulated, dollar-pegged digital asset issued by a federally supervised bank. Unlike $USDT, which continues to operate internationally, USAT is purpose-built for domestic use and issued directly through a national banking charter.
Anchorage Digital Bank issues the token under oversight from the Office of the Comptroller of the Currency, embedding stablecoin issuance within the traditional U.S. banking system. According to the companies, Cantor Fitzgerald has been designated as reserve custodian and primary dealer for USAT, providing custody of backing assets and reserve transparency from launch.
Also read: Peter Schiff’s Prophecy Fulfilled: Silver Goes Vertical, Bitcoin Falters
The stablecoin token is expected to be supported by U.S.-regulated exchanges and banking partners as distribution expands. On Tuesday, Tether framed the launch as complementary to its existing ecosystem, noting that the company remains one of the largest private holders of U.S. Treasuries globally.
“USAT offers institutions an additional option: a dollar-backed token made in America,” Tether CEO Paolo Ardoino said in the announcement release shared with our newsdesk. He added that USAT builds on $USDT’s mission “by providing a federally regulated product designed for the American market.”
The firm said tether ( $USDT) will continue serving international markets while USAT operates within U.S.-specific regulatory boundaries. During its initial rollout, USAT is set to be available on platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay, though access may vary based on regulatory eligibility and platform policies, Anchorage and Tether said on Tuesday.
FAQ 💲
- What is USAT?USAT is a dollar-backed stablecoin designed to operate within the U.S. federal regulatory framework.
- Who issues USAT?USAT is issued by Anchorage Digital Bank, a federally chartered U.S. bank.
- How is USAT different from USD₮?USAT is limited to the U.S. market and issued under federal banking oversight, while USD₮ operates globally.
- Where can USAT be accessed at launch?Initial availability includes select exchanges such as Kraken, Crypto.com, OKX, Bybit, and Moonpay.