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Tether has officially launched USAT, a new US dollar-backed stablecoin designed to operate under the GENIUS Act, the federal stablecoin framework signed into law last year by US President Donald Trump.
This launch marks Tether’s first regulated stablecoin tailored specifically for the US market. According to a press release, USAT is issued by Anchorage Digital Bank, a federally chartered cryptocurrency bank. Cantor Fitzgerald will serve as reserve custodian and preferred primary dealer, strengthening institutional and regulatory support for the stablecoin.
⚡️ @tether rollout Used $US-regulated dollar-backed stablecoin
It is designed to operate within the new federal stablecoin framework of the GENIUS Act. @USAT is published by @anchorage Digital Bank. @OKX and @Bybit_Official We have already announced the listing of stablecoins. pic.twitter.com/U74tACPNmI
— CryptoDep (@Crypto_Dep) January 27, 2026
USAT already exists on Ethereum, with a circulating supply of just over 10 million tokens, according to blockchain data from Etherscan. Tether has not yet disclosed its deployment plans on other networks.
Tether first hinted at launching USAT in September last year with the announcement that former White House cryptocurrency adviser Bo Hines would take over as CEO. The stablecoin’s debut is significant as it positions Tether within the U.S. regulatory environment following years of global domination by USDT.
GENIUS Act Rule Shape USAT Released
The GENIUS Act requires stablecoin issuers to maintain 1:1 dollar backing, conduct monthly audits, and hold reserves in cash or short-term U.S. Treasury bills. The law also prohibits stablecoin issuers from offering yields to users, a restriction that banks are pushing to extend to cryptocurrency companies through the proposed CLARITY Act.
Tether confirmed that USAT will be listed on major cryptocurrency platforms during the initial launch period, including Bybit, Crypto.com, OKX, Kraken, and fintech platform MoonPay. Bybit, Crypto.com, and OKX have already confirmed their listings, and Bitfinex plans to support stablecoins soon.
Despite the launch of USAT, Tether emphasized that USDT will continue to operate globally while gradually moving towards GENIUS Act compliance. CEO Paolo Ardoino described USAT as a “US dollar-backed token” designed to serve institutions within the US financial system.
Bo Hines added that USAT supports U.S. leadership in digital dollar innovation with a focus on stability, transparency, and accountable governance.
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