BlockBeats News, September 12th, according to CNBC, Tether CEO Paolo Ardoino stated that the company is launching a U.S.-based stablecoin called USAT, which will be regulated in the United States under the GENIUS Act. While USD Tether (USDT) serves the global market, the new token is designed specifically for enterprises and institutions operating within the U.S. regulatory framework. USDA will be issued by Anchorage Digital, held in custody by Cantor Fitzgerald, and will leverage Tether's global distribution network.
Former White House Adviser on Digital Assets Policy Bo Hines will serve as the CEO of USAT.