TOKEN2049 Roundtable: Tether Returns to the U.S. Market with the Launch of USA₮, Expected to Exceed $100 Billion Market Value in Five Years

ChainCatcher live report, Tether CEO Paolo Ardoino, Tether USAT CEO Bo Hines, Cantor Fitzgerald President Brandon Lutnick, and Anchorage Digital Founder and CEO Nathan McCauley jointly attended the TOKEN 2049 conference to share insights on the "USA₮" roundtable.

Paolo emphasized at the conference that USA₮ and USDT will achieve full interoperability, allowing for one-to-one exchanges through both decentralized finance and centralized channels, providing users with a seamless experience. He expressed confidence in predicting that USA₮ will exceed a market value of $100 billion within five years, noting that the AI economy will be a key driving force. Paolo also estimated that there will be 3 billion AI agents trading within five years, and these agents will undoubtedly use stablecoins. He admitted that existing Layer 2 solutions are completely inadequate to support this scale of growth, which is why Tether is making deep investments at the infrastructure level.

As the CEO of USA₮, Bo Hines is extremely optimistic about the market prospects. He believes that the Treasury's prediction of "the global stablecoin market reaching $1 trillion in the coming years" is overly conservative, and the actual figure will far exceed this level. He emphasized that the unique value of USA₮ lies in it being the first fully compliant U.S. stablecoin product, capable of seamlessly integrating with existing banking technology.

Brandon Lutnick provided valuable insights from the perspective of traditional finance. He recounted the painful experience of Cantor Fitzgerald losing 658 employees in the 9/11 attacks and how the company rebuilt and doubled its investment banking scale in the past 12-18 months. As one of the 25 primary dealers in the U.S., Cantor ranked first in U.S. stock IPOs in the first half of 2025, but Lutnick emphasized that the flexibility of being a private investment bank is what truly enabled them to enter the crypto space.

Nathan McCauley shared his unique experiences from the perspective of a regulatory pioneer. When Anchorage was founded in 2017-2018, it focused on institutional clients and obtained a federal banking charter during Trump's first term, becoming a trailblazer in the crypto space. Nathan revealed that he had long foreseen Trump becoming a candidate supportive of crypto, as the first Trump administration demonstrated a pioneering spirit. Today, Tether is indeed one of the most critical strategic assets in the U.S.