Tether Steps In With a Homegrown Stablecoin: USAT to Take on U.S. Market

 Tether Steps In With a Homegrown Stablecoin: USAT to Take on U.S. Market

Tether, famous for its USDT stablecoin, revealed on September 12 that it’s preparing to launch a U.S.-based stablecoin called USAT (USA₮) — a fully regulated version aimed squarely at the American market. 

Key Details

• USAT will be issued by Anchorage Digital Bank, a regulated U.S. trust bank. 

• The project is being led by Bo Hines, a former White House official, with oversight and reserves custody handled by Cantor Fitzgerald. Reuters

• Launch is planned by the end of 2025. Tether intends for USAT to comply fully with the GENIUS Act, the recently passed U.S. law governing stablecoins. 

• Unlike USDT, USAT won’t offer yield (i.e., interest or returns for holders). It’s designed to be a compliant, domestic stablecoin. 

Why It Matters

• It reflects Tether’s strategy of leaning into U.S. regulatory certainty. With stablecoin rules clarified under new laws, the company seems to want a product that avoids legal ambiguity.

• USAT provides a competitive alternative to USDT (which is considered a foreign-stablecoin issuer) especially for American users and institutions concerned with regulatory compliance.

• The fact that an internal person with government ties (Bo Hines) is leading the venture suggests the seriousness with which Tether sees the U.S. market.

• For regulators, this is a test: seeing how a large global player adapts to tighter rules, and whether domestic stablecoins can flourish.