Tether’s USAT Goes Federal Under GENIUS Act – Is USDT Next?

GENIUS Act Stablecoin Tether
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Journalist
Tanzeel AkhtarVerified
Part of the Team Since
Feb 2018
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Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...

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Tether has officially launched USAT, a federally regulated, dollar-backed stablecoin built specifically for the U.S. market under the new GENIUS Act framework.

The token, issued by Anchorage Digital Bank, marks Tether’s formal entry into America’s emerging federal stablecoin regime and shows a major shift in how digital dollars may operate inside the United States’ regulated financial system.

Announced on 27 January, the launch follows earlier disclosures about the project’s design and the appointment of former White House Crypto Council Executive Director Bo Hines as CEO of Tether USAT.

USAT is now available to U.S. users seeking a stablecoin structured to comply with America’s dedicated federal oversight model.

A Stablecoin Built for America’s New Federal Framework

USAT has been developed to operate within the GENIUS Act’s new federal stablecoin framework, offering institutions a dollar-backed token issued through a nationally chartered bank.

Tether explained that, unlike USDT, which continues to operate globally and is progressing toward GENIUS Act compliance, USAT is purpose-built for the U.S. market and its increasingly digital payment infrastructure.

Tether described the launch as a milestone not only for the company but for the trajectory of the U.S. dollar in a digital era, as countries compete to shape the future of money.

Anchorage Digital Bank Issues USAT at Institutional Scale

Anchorage Digital Bank, N.A., America’s first federally regulated stablecoin issuer, is the official issuer of USAT. The bank has built scalable infrastructure with on-chain transparency, deeply integrated risk management, and bank-grade compliance.

Tether stressed that USAT is designed not simply to satisfy regulatory requirements, but to function reliably within them day in and day out at an institutional scale. U.S.-regulated exchanges and banking partners are being lined up to support broad access across the American financial ecosystem.

Cantor Fitzgerald will serve as the designated reserve custodian and preferred primary dealer, providing secure asset management and clear visibility into reserves from day one.

Tether’s Growing Role in the Global Dollar Economy

The launch comes as Tether continues to reinforce its role as a major macroeconomic participant. Tether Group is now the 17th-largest holder of U.S. Treasuries globally, ahead of sovereign holders including Germany, South Korea, and Australia.

USDT remains the world’s most widely adopted stablecoin, powering the digital economy at scale and supporting the international use of the U.S. dollar for payments, commerce, and reserves.

“USAT offers institutions an additional option: a dollar-backed token made in America,” said Paolo Ardoino, CEO of Tether. “USDT has proven for more than a decade that digital dollars can deliver trust, transparency, and utility at a global scale.”

Availability Across Major Crypto Platforms

During the first phase of rollout, USAT will be available on Bybit, Crypto.com, Kraken, OKX, and MoonPay, expanding access for both institutions and retail users seeking a regulated digital dollar product.

“With the launch of USAT, we see a digital dollar that is designed to meet federal regulatory expectations,” said Bo Hines. “Our focus is stability, transparency, and responsible governance, ensuring that the United States continues to lead in dollar innovation.”

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