Tether officially launches the federally regulated stablecoin USA₮

Tether today officially launched the federally regulated and USD-backed stablecoin USA₮. The token was developed under the federal stablecoin framework established by the GENIUS Act and is issued by Anchorage Digital Bank, the first federally regulated stablecoin issuer in the United States. Bo Hines serves as the CEO of Tether USA₮. Cantor Fitzgerald acts as the designated reserve custodian and preferred primary dealer.

USA₮ is designed specifically for the U.S. market and digital payment infrastructure, with initial platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USD₮ will continue to operate globally. Currently, Tether Group is the 17th largest holder of U.S. Treasury securities worldwide.