Tether Introduces USAT Stablecoin Under U.S. Regulation
- Tether launched the USAT stablecoin, issued by Anchorage Digital, targeting U.S. markets.
- The stablecoin is under the oversight of the U.S. Office of the Comptroller of the Currency (OCC).
- USDT’s reserves do not currently comply with GENIUS Act standards, but Tether plans to progress toward compliance.
- Cantor Fitzgerald is designated as USAT’s reserve custodian and preferred primary dealer.
- Anchorage received conditional approval for a national trust bank charter in 2021.
Tether’s launch of its USAT stablecoin marks a strategic move to comply with U.S. regulations while expanding its market presence domestically, leveraging Anchorage Digital’s federal charter status for regulatory oversight.
