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Tether Launches USAT
- Tether plans to launch USAT, a U.S.-regulated stablecoin, by late 2025, aimed at American residents.
- Bo Hines, former White House crypto adviser, will be CEO, focusing on compliance with the GENIUS Act.
- Anchorage Digital Bank will issue USAT, while Cantor Fitzgerald will manage its treasury reserves.
- Tether seeks to enhance its U.S. presence under Trump’s pro-crypto policies, with major expansion planned in the next 12 to 24 months.
- The stablecoin market exceeds $270 billion, with Tether's USDT holding a market cap over $169 billion.
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