Tether officially launches 'USA₮,' a federally regulated stablecoin in the U.S.

Tether has officially launched 'USA₮,' a dollar-pegged stablecoin designed to comply with the U.S. federal regulatory framework. It is viewed as the first case of a stablecoin built specifically for a dedicated regulatory framework in the U.S. entering the market in earnest.

On the 27th, Tether said on its official blog, "We have officially launched 'USA₮,' a dollar-pegged stablecoin designed to operate within the new U.S. federal stablecoin regulatory framework." Tether explained that "USA₮ was developed based on the federal regulatory framework established under the GENIUS Act, and is issued by Anchorage Digital Bank, the first federally regulated stablecoin-issuing bank in the United States."

This launch marks the formal market entry phase following last year’s disclosure of the token structure and name. Previously, Tether appointed Bo Hines, former executive director of the White House Crypto Council, as CEO of USA₮. USA₮ is a digital dollar designed for the U.S. regulatory environment and will be supplied primarily to institutions and platform users.

Through USA₮, Tether’s strategy is to operate its existing global stablecoin USD₮ separately from a U.S.-specific regulated product. While USD₮ continues to be used in global markets and will gradually align with GENIUS Act standards, USA₮ will serve as a U.S.-only digital dollar issued through a federally chartered bank.

Cantor Fitzgerald will manage USA₮’s reserve assets. Cantor Fitzgerald will participate as the designated reserve custodian and a preferred primary dealer, providing reserve management and transparency. Tether plans to expand access from the outset by linking with U.S.-regulated exchanges and banking partners.

Tether said it is currently the 17th-largest holder of U.S. Treasuries worldwide, holding more U.S. Treasuries than major countries such as Germany, South Korea and Australia. The company emphasized that stablecoins are functioning as a means to expand the dollar’s influence in global payments and reserve assets.

Paolo Ardoino, CEO of Tether, said, "USA₮ provides an additional option of a dollar-pegged token made in the United States," adding, "If USD₮ has demonstrated trust and utility in global markets, USA₮ is a product designed for the U.S. market in line with federal regulation."

Bo Hines, CEO of USA₮, said, "USA₮ is a digital dollar designed to meet federal regulatory expectations," adding, "We focused on strengthening U.S. leadership in dollar innovation through stability, transparency, and responsible governance."

In the initial phase, USA₮ will be available via Bybit, Crypto.com, Kraken, OKX, and MoonPay. However, USA₮ is not legal tender and is not backed by the U.S. government or covered by FDIC or SIPC insurance. The issuer is Anchorage Digital Bank, not Tether.