Tether has announced the launch of a new U.S.-regulated stablecoin known as USAT, designed to comply with the GENIUS Act, which establishes federal guidelines for stablecoin issuers. The token is set to be issued by Anchorage Digital, a federally regulated cryptocurrency bank, while Cantor Fitzgerald will manage its reserves. This development was unveiled by Tether CEO Paolo Ardoino at an event in New York. Additionally, Bo Hines, a former director of the White House Crypto Council, has been appointed as the head of Tether's American division. The USAT token aims to provide compliance, transparency, and trust under U.S. oversight and is targeted at businesses and institutions. Hines emphasized that USAT’s foundation is built on the principles of innovation and transparency, ensuring that the U.S. dollar remains integral in the digital asset space. This move signifies Tether's first approach into creating a stablecoin under U.S. regulations, following concerns about oversight in the past regarding its popular stablecoin, USDT, which currently holds significant market value.

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