Tether, the company behind the world’s largest stablecoin USDT, is preparing to launch a new project called USA₮ (often referred to as USAT). Unlike its global counterpart, this stablecoin will be designed specifically for the American market and will operate under U.S. financial regulations.
A Stablecoin Aligned with U.S. Rules
USA₮ will be a fully dollar-backed stablecoin, issued under the framework of the recently enacted GENIUS Act. This law sets out strict requirements for stablecoin issuers in the United States, aiming to make the market safer and more transparent. By tailoring USA₮ to fit these rules, Tether hopes to provide American institutions and businesses with a trusted, compliant digital dollar.
Leadership and Key Partners
The project is being led by Bo Hines, former executive director of the White House Crypto Council, who has been named CEO of Tether USA₮. To reinforce credibility, Tether has partnered with major financial players:
- Anchorage Digital Bank will act as the regulated issuer.
- Cantor Fitzgerald will serve as custodian of the reserves.
These partnerships signal Tether’s push to meet the high compliance standards of the U.S. market.
Why USA₮ Matters
Tether already dominates the global stablecoin market with USDT, but regulatory uncertainty in the U.S. has limited its domestic role. USA₮ offers a homegrown alternative that aligns with American laws. For banks, businesses, and payment networks, this could reduce legal hurdles and make stablecoin use more practical in day-to-day transactions.
Importantly, USDT will remain available worldwide, while USA₮ is meant to complement it by focusing on U.S. adoption.
