Tether CEO Paolo Ardoino has confirmed that the company is launching a new U.S.-based stablecoin called $USAT, aimed at complying with U.S. Genius Act regulations and expanding into the American market. This announcement was made public today, September 12, 2025. USAT is a dollar-pegged stablecoin (1:1 backed by USD reserves, likely including U.S. Treasuries) designed for U.S. operations, targeting institutional investors, payments, and underserved markets like remittances. It positions Tether to compete more directly with U.S.-regulated rivals like Circle's USDC. Leadership: Bo Hines, former White House Crypto Council Executive Director and Tether's Strategic Advisor for U.S. Policy, will serve as CEO of the USAT entity. Timeline: While no exact launch date was specified, reports indicate it could go live as soon as this year, pending final regulatory approvals under frameworks like the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins). Strategic...
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