Tether, the company behind the world’s largest stablecoin USDT, has announced the launch of a new stablecoin named USAT. This new digital dollar is explicitly positioned as a US-regulated asset, issued and custodied by Anchorage Digital, a federally chartered digital asset bank.
The introduction of USAT marks a significant strategic pivot for Tether, aimed at capturing the institutional market in the United States. While USDT dominates global liquidity and trading, USAT is structured to satisfy the rigorous compliance and regulatory requirements demanded by large US corporate treasuries and financial institutions.
Anchorage Digital’s role is central to this initiative. As the first OCC-chartered digital asset bank in the US, Anchorage provides the infrastructure and regulated oversight necessary to ensure USAT adheres strictly to US banking laws, including comprehensive KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. USAT will be fully backed 1:1 by US dollar reserves, providing a higher level of trust for institutions that require regulatory assurance comparable to traditional banking products.
This move demonstrates Tether’s ambition to formalize its presence within the highly scrutinised US financial ecosystem and diversify its stablecoin portfolio, catering specifically to institutional clients who have previously been wary of the regulatory status of internationally focused stablecoins.
Source: Tether Launches US-Regulated USAT Stablecoin Issued By Anchorage Digital
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