Tether Unveils US-Regulated Dollar-Backed Stablecoin

Tether, the entity behind the USDT stablecoin, has announced plans to launch a new US-regulated stablecoin for American businesses and ￰0￱ company has appointed Bo Hines, the former head of the White House Crypto Advisory Group, as the CEO of its US ￰1￱ announcement is Tether’s biggest push into the American market after years of operating ￰2￱ Introduces The USAT Stablecoin The new stablecoin, called USAT, will be designed to comply with recently enacted stablecoin laws, like the GENIUS ￰3￱ will also give businesses and institutions a digital alternative to cash and traditional payment ￰4￱ will use the real-world asset tokenization platform, Hadron, and will be issued by Anchorage Digital, a federally regulated crypto ￰5￱ Fitzgerald will be the stablecoin’s designated reserve custodian and preferred primary ￰6￱ CEO Paolo Ardoino stated, “Today, with the introduction of USAT and Bo Hines’ appointment as future CEO of Tether USAT, we are taking the next natural step, bringing that same strength to the ￰7￱ a world-leading U.

S.-regulatory framework.” Ardoino believes USAT will help support the strength of the dollar by enabling more transparent, resilient, and accessible ￰8￱ Hines At The Helm USAT’s CEO-designate is Bo Hines, an entrepreneur and former Executive Director of the White House Crypto ￰9￱ brings considerable expertise in legal, business, and policy ￰10￱ also has experience in governance, law, and financial ￰11￱ to Hines, USAT will help strengthen America’s role in the global economy. “By building USAT with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.” Tether had named Hines as a strategic advisor for digital assets and US strategy in ￰12￱ added that Hines will work with Tether’s leadership and help plan and execute the company’s entry into the US ￰13￱ For Compliance According to Tether , the USAT stablecoin will operate under the GENIUS ￰14￱ act requires 100% reserve backing with short-term Treasury bonds and ￰15￱ is different from Tether’s USDT because it is designed for businesses and institutions that must comply with American financial ￰16￱ says it will use its Hadron tokenization platform to power ￰17￱ platform creates a digital version of real-world assets like stocks, bonds, and ￰18￱ also includes built-in compliance tools for anti-money laundering and customer ￰19￱ stablecoin will be issued by Anchorage Digital, America’s first federally regulated crypto ￰20￱ Fitzgerald will hold the reserves backing each ￰21￱ companies are required to follow strict federal banking rules.

Disclaimer: This article is provided for informational purposes ￰22￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.