Tether Shakes Up Stablecoin Market, Unveils New U.S.-Based Rival ‘USAT’

Tether, the company behind the world’s most widely used stablecoin, has announced plans to launch USA₮, a U. S.-regulated, dollar-backed token to strengthen the role of the ￰3￱ in digital ￰4￱ the unveiling, Tether named Bo Hines, the former Executive Director of the White House Crypto Council, as the incoming CEO of Tether USA₮. Tether Unveils USA₮, its Planned U. S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮ Follow @USAT_io ￰0￱ — Tether (@Tether_to) September 12, 2025 The move shows what Tether calls the “next chapter” in its strategy, combining compliance, transparency, and American leadership.

USA₮ will be designed to comply with the recently enacted GENIUS Act, the landmark legislation governing stablecoin issuance in the United ￰5￱ Digital and Cantor Fitzgerald to Back Tether’s New USA₮ Stablecoin According to the company , the token will be backed by transparent reserves, issued through Anchorage Digital, the first and only federally regulated crypto bank, and supported by Cantor Fitzgerald, which will act as custodian and a preferred primary ￰6￱ said the token will run on its Hadron platform, a real-world asset tokenization ￰7￱ has long dominated the stablecoin market with its flagship token, ￰8￱ token has grown into a $169 billion asset powering much of the global crypto ￰9￱ invented the ￰10￱ we’re bringing it home Meet USA₮ — the digital dollar for creators, earners, and everyone left ￰11￱ for ￰12￱ is powering digital dollars for the next ￰13￱ soon.. ￰14￱ — USAT (@USAT_io) September 12, 2025 USDT is used daily by nearly 500 million people worldwide, particularly in emerging markets where it serves as a digital alternative to cash for the underbanked and ￰15￱ company’s scale has placed it among the largest holders of U.

S. Treasuries, ranking 18th globally, above Germany, South Korea, and Australia, with profits surpassing $13 billion in ￰16￱ August 19, Tether appointed Bo Hines as strategic adviser for Digital Assets and ￰17￱ Hines, who previously served as executive director of the White House Crypto Council, brings legal, policy, and business expertise to the ￰18￱ appointment indicates Tether’s commitment to ensuring USA₮ launches with American leadership and compliance at its ￰19￱ CEO Paolo Ardoino said the move reflects the company’s dedication to preserving ￰20￱ dominance in the digital age, describing USA₮ as “more transparent, more resilient, more accessible, and more unstoppable than ever before.” With USA₮, Tether is betting on regulation and transparency to cement its role as the leader of a rapidly maturing stablecoin ￰21￱ Accelerates ￰22￱ Amid Regulatory Shift Tether is ramping up efforts to expand in the United States following the passage of landmark stablecoin ￰23￱ July, CEO Paolo Ardoino said that the company is “well in progress” with a domestic strategy focused on institutional markets, including payments, interbank settlements, and ￰24￱ issuer @Tether_to is gearing up for a US comeback, spurred by Trump’s new stablecoin law and a friendlier regulatory climate. #Tether #Stablecoins ￰1￱ — ￰25￱ (@cryptonews) July 24, 2025 The push comes as Tether broadens its technical ￰26￱ August 28, the firm announced plans to bring USDT to RGB , a protocol allowing private, scalable asset issuance on ￰27￱ launch will allow users to hold and transfer USDT alongside Bitcoin, with features such as offline transactions promising greater flexibility in payments.

Meanwhile, Tether is exploring direct investments in the gold ￰28￱ company already holds $8.7 billion in gold reserves in Zurich, but is now in talks with mining and trading groups to expand ￰29￱ CEO Brad Garlinghouse recently forecast that the stablecoin market could surge from $250 billion to $2 trillion , showing the sector’s rapid ￰30￱ broader stablecoin sector has also reached new ￰31￱ from payment platform Bridge shows that stablecoin transactions recently exceeded $2.5 trillion . Additionally, the total stablecoin supply has reached an all-time high in the past few months, driven primarily by the growth of Tether’s ￰32￱ June 2024 and June 2025, Chainalysis reported that USDT alone processed more than $1 trillion in monthly transactions , peaking at $1.14 trillion in January ￰33￱ the same period, rival token USDC ranged between $1.24 trillion and $3.29 trillion monthly, while smaller tokens like EURC and PayPal’s PYUSD recorded rapid ￰34￱ hosts the majority of this activity , with its stablecoin supply climbing to $165 billion in September, according to Token ￰35￱ stablecoin supply hits $165B record with $5B weekly inflow despite 44% revenue decline. #Ethereum #Stablecoin ￰2￱ — ￰36￱ (@cryptonews) September 8, 2025 CryptoQuant data shows that centralized exchange reserves of stablecoins have reached a record $68 billion , with Binance accounting for $44.2 ￰37￱ this, $37.1 billion is held in USDT and $7.1 billion in USDC, cementing Binance’s role as the hub of global stablecoin liquidity.