Tether, the company behind the world's largest stablecoin USDT, has announced plans to launch a new U.S.-domiciled stablecoin called USAT, designed specifically to comply with the United States' new federal stablecoin framework. The move marks Tether's first attempt to build a fully regulated digital dollar within the U.S. financial system and signals how quickly the market is adapting to Washington's evolving regulatory climate.
According to Reuters, Tether executives confirmed on September 12 that the new token will be issued by Anchorage Digital Bank, a federally chartered crypto-focused bank based in South Dakota. Anchorage will custody the reserves behind USAT and ensure they meet the strict backing and transparency requirements introduced under the GENIUS Act, a landmark stablecoin law signed by President Trump in July. That law mandates that any payment stablecoin issued in the U.S. must be fully backed by high-quality liquid U.S. dollar-denominated assets, subject to monthly disclosures and real-time attestations.
