BlockBeats News, January 27th, Tether today officially launched USAT, a US dollar-backed stablecoin regulated by the US government. The token was developed based on the federal stablecoin framework established by the GENIUS Act and issued by Anchorage Digital Bank, the first US government-regulated stablecoin issuer. Bo Hines has been appointed as the CEO of Tether USAT. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer. USAT is designed for the US market and digital payment infrastructure, with the initial platforms going live including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USDT will continue to operate globally. Currently, the Tether Group is the 17th largest holder of US Treasury bonds worldwide.
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