Tether, recognized as the world’s largest digital asset company based on stablecoin circulation, has officially announced the launch of USA₮. This new stablecoin is a federally regulated, dollar-backed digital asset specifically designed for operations within the United States, in full compliance with the recently enacted GENIUS Act.

USA₮ is notably issued by Anchorage Digital Bank, N.A., a federally chartered U.S. bank. Anchorage Digital Bank is one of the pioneering institutions approved to issue payment stablecoins under the stipulations of the new law. This launch represents a significant milestone for Tether, marking its first stablecoin explicitly built to function entirely within the U.S. regulated financial system. This move comes after several years during which Tether’s offshore-issued dollar tokens faced considerable regulatory scrutiny.

The debut of USA₮ follows a prior announcement from Tether late last year, which provided details on the token's design and introduced Bo Hines, former Executive Director of the White House Crypto Council, as the CEO of Tether USA₮. With its official rollout, USA₮ is now accessible to U.S. users seeking a dollar-backed token that strictly adheres to federal banking and stablecoin regulations.

The GENIUS Act is a pivotal piece of legislation, establishing the first nationwide framework for stablecoins marketed to U.S. consumers. It mandates full reserve backing, requires issuers to hold bank or qualified issuer status, and stipulates ongoing regulatory supervision. Under this law, offshore-issued stablecoins that do not meet these stringent standards will encounter restrictions across U.S.-regulated exchanges, banks, and various payment platforms. Tether has structured USA₮ to comprehensively meet these specified requirements.

Regarding its operational framework, Cantor Fitzgerald will serve as USA₮’s designated reserve custodian and preferred primary dealer, ensuring transparency and providing oversight of the stablecoin's reserves from its inception. Anchorage Digital Bank, N.A. will be responsible for the stablecoin’s issuance, compliance protocols, and the crucial on-chain settlement infrastructure.

Tether's strategic move with USA₮ aims to complement its flagship USD₮, which remains the most widely utilized stablecoin globally. While USD₮'s offshore structure presented limitations for its role in the U.S. market under the new regulatory landscape, USA₮ enables Tether to maintain its international dominance. Simultaneously, it offers U.S. institutions a robust, regulated alternative specifically tailored for domestic payment and settlement systems.

Paolo Ardoino, CEO of Tether, commented on the launch, stating, "This launch represents a new chapter for digital dollars in the United States. USD₮ has proven at global scale that digital dollars can deliver trust and utility. USA₮ extends that mission with a federally regulated product made in America." Bo Hines, CEO of Tether USA₮, further emphasized that the new stablecoin is primarily targeted at institutional users. "USA₮ is designed to meet federal regulatory expectations while delivering stability, transparency, and responsible governance," Hines explained. "It ensures the United States remains competitive in the evolution of digital money."

During its initial phase of availability, USA₮ will be accessible on prominent cryptocurrency platforms including Kraken, Crypto.com, OKX, Bybit, and MoonPay. The company anticipates that additional U.S.-regulated exchanges and banking partners will integrate USA₮ in the future. As a broader context of Tether's financial standing, bitcointreasuries.net reports that Tether holds 96,370 bitcoin, with an approximate value of $8.6 billion.