Tether launches federally regulated USAT stablecoin via Anchorage Digital

Tether announced the launch of USAT (branded USA₮), a dollar-backed stablecoin issued by Anchorage Digital Bank, N.A., and designed to comply with the new federal stablecoin rules under the GENIUS Act ^[1][2].

The token is positioned for the U.S. market and institutional users, with Tether describing the issuance as operating within the GENIUS Act framework and U.S. regulation ^[1][6]. Anchorage Digital Bank — a federally chartered U.S. bank — is the issuer, marking the stablecoin's integration with the regulated U.S. banking system ^[2].

Reports say governance and market rollout details include former White House crypto adviser Bo Hines in a leadership role and initial availability on several major platforms, with listings named on exchanges such as Bybit, Crypto.com, Kraken and OKX and payment provider Moonpay; media accounts also note reserve backing links to Cantor Fitzgerald for the offering ^[3][4][5].

The launch represents Tether's move to offer a U.S.-regulated stablecoin alternative for institutional customers under the GENIUS Act and to operate fully within the U.S. regulated financial system, according to company and media statements ^[2][1].