⚡️ Tether officially enters the U.S. market through the 'front door': the brand new stablecoin USA₮ makes its debut!
In the context of escalating global regulatory pressure, Tether has played its trump card. To fully comply with the latest GENIUS Act in the United States, Tether officially launches the stablecoin specifically designed for the U.S. market — USA₮. 🇺🇸
Key highlights at a glance:
🔹 Issued by a federal bank: USA₮ is issued by Anchorage Digital Bank, N.A., which holds a U.S. federal license. This is Tether's first token operating within a regulated financial system.
🔹 Reserve transparency: Financial giant Cantor Fitzgerald serves as the reserve custodian and primary dealer, ensuring 100% transparent audits from day one.
🔹 Initial supported platforms: USA₮ will soon be available on mainstream platforms such as Kraken, Crypto.com, MoonPay, OKX, and Bybit.
Why is Tether doing this?
With the passage of the GENIUS Act, only institutions with federal or state licenses can legally distribute stablecoins in the U.S. To avoid losing U.S. users, Tether has chosen to proactively embrace regulation.
This marks Tether's formal challenge to Circle (USDC). Now, Tether is not only the dominant player in the global offshore market but also a strong competitor in the U.S. compliant space. ♟️
Summary: Tether's dual strategy not only consolidates USDT's global position but also secures a passport to enter the U.S. institutional market with USA₮.
Do you think USA₮ can shake USDC's position? Feel free to discuss in the comments! 👇