Tether(USDT) to pursue issuance of USAT stablecoin in the U.S.… plans to attract new investment

JH Kim

Summary

Tether(USDT) said it has begun seeking new investment to issue the USAT stablecoin in the United States.
It said the project aims for separate issuance suited to the U.S. regulatory environment and to build an independent operating model within the market.
The specific investment amount and participating institutions were not disclosed, but it said it will pursue maintaining global market share while pursuing its U.S. market strategy.

Stablecoin issuer Tether(USDT) has begun seeking new investment to issue a new stablecoin 'USAT' within the United States. This measure is a separate issuance project tailored to the U.S. regulatory environment, aiming to establish an independently operated model within the market.

On the 24th (local time), according to cryptoasset (cryptocurrency) media CoinDesk, Tether is conducting procedures to attract investment for issuing the USAT stablecoin. The specific investment amount and participating institutions have not yet been disclosed.

The outlet reported, "Tether is pursuing a strategy that runs in parallel to maintain its share in the global market while meeting U.S. regulatory and payment infrastructure requirements."

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