Tether is set to launch a dollar-backed and fully US-regulated stablecoin, USAT.
Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮
Follow @USAT_io 🇺🇸https://t.co/w0JxBvttwv— Tether (@Tether_to) September 12, 2025
The American division, Tether USAT, will be led by Bo Hines, a former executive director of the Cryptocurrency Advisory Board under President Donald Trump.
The stablecoin will utilize Tether’s RWA platform technology, Hadron.
The issuer, fully compliant with the GENIUS Act, will be the federally licensed crypto bank Anchorage Digital. Cantor Fitzgerald will serve as the custodian of reserves and the main primary dealer.
Tether will distribute USAT through its global network.
In July, the company’s head, Paolo Ardoino, confirmed plans to enter the US market. He announced Tether’s intention to obtain foreign stablecoin issuer status under the GENIUS Act requirements. Ardoino estimated the timeline for these intentions at three years.
In May, he suggested that the company might release an “American stablecoin” by early 2026. At that time, he also noted that the main business interests of the USDT issuer remain outside the United States.
The total market capitalization of the stablecoin segment stands at $292.4 billion. USDT dominates with $170 billion, while its main competitor, Circle’s USDC, accounts for $73 billion.
Following the implementation of the MiCA regulation in the EU, Tether focused on supporting third-party regulated stablecoin projects using the Hadron platform.