Tether Teams Up with Anchorage Digital for USAT Stablecoin launch
tether has tapped Anchorage Digital, the U.S.’s only federally chartered digital asset bank,to roll out its upcoming USAT stablecoin. This move aims to leverage federal compliance for stability and innovation.
the USAT launch, expected by year-end, aligns with the GENIUS Act, setting a new benchmark for U.S.stablecoin regulations. Tether seeks a leadership position in the growing stablecoin market, were global adoption meets regulatory clarity.
- Anchorage Digital assists in issuance, reserves, and compliance for USAT.
- USAT complements USDT’s dominant ecosystem but focuses on the U.S.market.
- This collaboration signifies a strategic partnership emphasizing regulatory standards.
Nathan McCauley, CEO of Anchorage digital, emphasized that their work with Tether realizes the GENIUS Act’s potential. He stressed how bringing Tether’s stablecoin under federal oversight benefits consumers and institutions.
Paolo Ardoino,CEO of Tether,highlighted that USAT offers Americans the reliability and speed synonymous with Tether worldwide. It promises to bolster the dollar and empower ordinary citizens.
With over $160 billion in global circulation, USDT sets a precedent. USAT now targets the U.S. market, aiming for similar dominance through strategic collaboration and regulatory compliance.
