Tether Launches USA₮ as First Federally Regulated U.S. Stablecoin

 Key Insights:

• USA₮ is issued by Anchorage Digital Bank under U.S. federal stablecoin rules established by the GENIUS Act.
• The stablecoin is backed by dollar reserves managed by Cantor Fitzgerald from launch day.
• USA₮ is available on major exchanges including Kraken, OKX, Bybit, Crypto.com, and MoonPay.

Tether has launched USA₮, a new stablecoin designed for the U.S. market. It is the first dollar-backed digital token issued under the federal framework created by the GENIUS Act. USA₮ is issued by Anchorage Digital Bank, N.A., a nationally regulated bank. The token is meant to operate within the U.S. financial system while meeting federal standards.

USA₮ is now available on Bybit, Crypto.com, Kraken, OKX, and MoonPay. Tether stated that the stablecoin is built for institutions and platforms looking for a U.S.-regulated solution. The release follows earlier announcements about the token’s structure and leadership, including the appointment of Bo Hines as CEO of Tether USA₮.

Anchorage and Cantor Fitzgerald Handle Key Roles

Anchorage Digital Bank is responsible for issuing USA₮. The bank has created systems focused on transparency and regulatory compliance. According to the company, these systems are built to support daily operations at scale for financial institutions.

Cantor Fitzgerald is managing the reserves that back the stablecoin. It is acting as both reserve custodian and primary dealer. This role includes safeguarding assets and ensuring full visibility over reserve holdings. Tether confirmed that reserve management began from the first day of launch.

Stablecoin Aligned With U.S. Regulatory Framework

USA₮ is tailored to meet federal expectations for digital assets under the GENIUS Act. It is designed to support institutions that need a stablecoin within a regulated structure. Unlike Tether’s existing USD₮, which operates globally, USA₮ is focused on the domestic U.S. market.

“USA₮ offers institutions an additional option: a dollar-backed token made in America,” said Paolo Ardoino, CEO of Tether. Bo Hines added,

“Our focus is stability, transparency, and responsible governance, ensuring that the United States continues to lead in dollar innovation.”

Market Access and Regulatory Position

USA₮ is intended for use in U.S.-based digital finance. It can be integrated into payment systems, exchanges, and other platforms that meet regulatory conditions. Tether stated that the new token is available to both institutional and retail users in the U.S.

Tether clarified that USA₮ is not legal tender and is not backed by the U.S. government. It is not protected by FDIC or SIPC insurance. Anchorage Digital Bank, N.A. is the sole issuer of the token.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.