"Tether, the world's largest digital asset company by stablecoin circulation, announced Tuesday the official launch of USA₮, a federally regulated, dollar-backed stablecoin designed specifically for use in the United States under the recently enacted GENIUS Act. USA₮ is issued by Anchorage Digital Bank, N.A., a federally chartered U.S. bank and one of the first institutions approved to issue payment stablecoins under the new law, Tether said."
"The launch marks Tether's first stablecoin built to operate fully within the U.S. regulated financial system, following years of regulatory scrutiny around offshore-issued dollar tokens. The debut follows the company's announcement late last year detailing the token's design and naming former White House Crypto Council Executive Director Bo Hines as CEO of Tether USA₮. With Tuesday's rollout, USA₮ is now available to U.S. users seeking a dollar-backed token that complies with federal banking and stablecoin rules."
"The GENIUS Act established the first nationwide framework governing stablecoins marketed to U.S. users, requiring full reserve backing, bank or qualified issuer status, and ongoing regulatory supervision. Under the law, offshore-issued stablecoins that do not meet these standards face restrictions across U.S.-regulated exchanges, banks, and payment platforms. USA₮ is structured to meet those requirements. According to the company, Cantor Fitzgerald will serve as the stablecoin's designated reserve custodian and preferred primary dealer, providing transparency and oversight of reserves from launch."
Tether launched USA₮, a dollar-backed stablecoin regulated for use in the United States and issued by Anchorage Digital Bank, N.A., a federally chartered U.S. bank. USA₮ is designed to operate fully within the U.S. regulated financial system and to comply with requirements of the GENIUS Act, including full reserve backing and issuer supervision. Cantor Fitzgerald will serve as reserve custodian and preferred primary dealer, providing transparency and oversight of reserves. Anchorage Digital Bank will manage issuance, compliance, and on-chain settlement infrastructure. Former White House Crypto Council Executive Director Bo Hines was named CEO of Tether USA₮. USA₮ offers U.S. institutions a regulated alternative while USD₮ maintains international use.
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