Tether introduced USAt, a new US dollar-backed stablecoin designed to comply with US federal regulations. This token marks Tether's first initiative to issue a stablecoin specifically intended for domestic use, within the framework of a new legal environment. Furthermore, its first public issues constitute its first official deployment on the market.
In brief
- USAt is a stablecoin for the US market, issued under the GENIUS Act, and represents Tether's first federally compliant domestic token.
- The token launched with an initial offering of $10 million on Ethereum as an ERC-20 asset, with issuance handled by Anchorage Digital Bank.
- Reserve assets are held by Cantor Fitzgerald, providing institutional oversight and increased transparency on coverage.
- Led by CEO Bo Hines, USAt targets institutions looking for a dollar-backed digital asset issued under US supervision.
Tether Confirms USAt Launch with $10 Million Initial Offering
The company confirmed on Tuesday that USAt is now in circulation, following an initial announcement made last year. Anchorage Digital Bank, a federally licensed crypto bank, is responsible for the issuance. Tether describes USAt as a regulated payment stablecoin, designed to operate under the GENIUS law, which came into force in July 2025, the first American federal framework governing payment stablecoins.
USAt launched with an initial offering of $10 million, according to on-chain observers. The token is issued as an ERC-20 asset on the Ethereum blockchain. It is now available on several major platforms, including MoonPay, Crypto.com, OKX, Kraken and Bybit.
Cantor Fitzgerald acts as the custodian of the stablecoin's reserves and as the primary preferred market maker. This agreement places the coverage of the token under the responsibility of a large American financial institution, providing better visibility on reserve management.
A regulated stablecoin as an alternative to global digital dollars
Tether had already detailed the governance structure of the project. Bo Hines, former advisor to President Donald Trump on digital assets, serves as CEO of Tether USAt. This appointment reflects a focus on regulatory compliance and public policy experience.
The main features of USAt include:
- Issued by a federally licensed U.S. crypto bank.
- Full coverage in dollars held by a U.S.-based financial custodian.
- Compliance with the GENIUS Act framework.
- Deployed on Ethereum as an ERC-20 token.
- Access for US users via major exchanges.
Tether CEO Paolo Ardoino said USAt offers institutions a dollar-backed digital asset issued in the United States. He clarified that while USDt has been operating globally for more than ten years, USAt is extending this same model into a domestic framework benefiting from federal regulation.
Bo Hines added that the project emphasizes stability, transparency and responsible governance, positioning USAt as a key part of a broader effort to keep dollar-backed digital assets under American supervision.
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