Tether Unveils New Stablecoin

Tether, issuer of the world’s largest stablecoin USDT, has launched a new U.S.-regulated token called USAT, aimed at the American market. The stablecoin will operate under the recently passed GENIUS Act, which sets federal standards for stablecoin issuers.

The announcement was made at an event in New York, where Tether also named Bo Hines—a lawyer and former director of the White House Crypto Council—as CEO-designate of its new U.S. division.

Unlike USDT, which has a $169 billion market cap and is heavily used in emerging markets, USAT is designed specifically for U.S. businesses and institutions. The token will be issued by Anchorage Digital, a federally regulated crypto bank, with Cantor Fitzgerald managing reserves to ensure full 1:1 dollar backing and transparent disclosures.

“This is the next natural step for Tether,” said CEO Paolo Ardoino. “With USA₮, we are bringing the same strength and trust that USDT has offered globally into the United States under a world-leading regulatory framework.”

The move comes as the stablecoin sector has grown rapidly this year, expanding from $208 billion to $287 billion in total market capitalization. With clear federal rules now in place, Tether is positioning USAT as a compliant, dollar-backed product that reinforces America’s role in the digital asset economy.

Hines said his goal is to ensure the new stablecoin blends compliance, transparency, and innovation: “We are ensuring that the dollar remains the foundation of trust in the digital asset space.”