Tether officially announces launch of USAT stablecoin for U.S. compliance

Tether has officially announced the launch of USAT, a dollar-pegged stablecoin designed to comply with U.S. federal regulations. The company explained that USAT is structured in line with the U.S. stablecoin bill known as GENIUS. The crypto bank Anchorage Digital will serve as the issuer, while Cantor Fitzgerald will manage reserve custody and act as the primary dealer. Initial distribution will begin on exchanges including Bybit, Crypto.com, Kraken, and OKX.