tether Partners with Anchorage digital for US Regulated Stablecoin Launch
Anchorage Digital, america’s first federally chartered digital asset bank, will assist tether in issuing its new U.S. regulated stablecoin, USAT, by year-end.
The GENIUS Act, a recent legislation, enables compliant stablecoin development in the U.S. This collaboration sets a new benchmark for the country’s stablecoin arena.
Tether aims to lead the U.S. stablecoin market amidst growing global adoption and regulatory frameworks. The act facilitates innovative and legal use of stablecoins,benefiting Tether’s entry into the domestic scene.
- USAT issuance will amplify Tether’s influence, akin to other leaders like Circle.
- Regulatory openness empowers Tether to venture into the U.S. market.
Nathan McCauley, CEO of Anchorage Digital, asserts, “Anchorage Digital and Tether are actualizing the GENIUS Act’s vision for U.S. stablecoin prominence.”
he continues, “Bringing Tether’s vast network under federal oversight fulfills what american consumers and institutions require.”
Currently, USDT holds over $160 billion in global circulation. USAT seeks similar dominance in America by ensuring speedy, borderless transactions.
Paolo Ardoino, CEO of Tether, states, “Anchorage Digital enables us to release a stablecoin tailored for the U.S.market.”
USAT will provide Americans with fast, reliable, and trusted services similar to those offered globally by Tether. Its mission is to fortify the dollar, sustain ordinary individuals, and bolster the U.S. economy.
