The Daily: Tether launches ‘Made in America’ USAT stablecoin, what gold’s surge and Clarity Act limbo mean for crypto, and more

Tether, the issuer of the dominant stablecoin USDT, has announced the launch of USAT, a new stablecoin branded as ‘Made in America.’ USAT’s operations are explicitly tied to domestic energy infrastructure and Bitcoin mining facilities, positioning the coin as a direct investment in U.S. industrial and technological independence. This strategic move aims to diversify Tether’s offerings and appeal to institutions prioritizing localized assets. Concurrently, the recent surge in gold prices continues to challenge traditional market correlations. Gold’s robust performance, driven by geopolitical concerns and central bank accumulation, runs parallel to sustained interest in Bitcoin, suggesting that these assets are increasingly viewed as distinct hedges rather than direct competitors for the ‘store of value’ title. Meanwhile, regulatory clarity remains elusive for the digital asset space. The ongoing legislative limbo surrounding acts like the Clarity Act severely impacts institutional adoption, as major financial players hesitate to commit fully without explicit guidelines on custody, security classification, and market structure, underscoring the persistent need for firm legal frameworks in the United States.

Source: The Daily: Tether launches ‘Made in America’ USAT stablecoin, what gold’s surge and Clarity Act limbo mean for crypto, and more