Tether launches stablecoin USA regulated by the US federal government

Tether today launched the stablecoin USA ₮, which is regulated by the US federal government and supported by the US dollar. The token is developed based on the federal stablecoin framework established by the GENIUS Act and issued by Anchorage Digital Bank. Bo Hines serves as the CEO of Tether USA, while Cantor Fitzgerald is the designated reserve custodian and preferred primary trader. USA is designed specifically for the US market and digital payment infrastructure, with the first online platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. USD ₮ will continue to operate globally. At present, Tether Group is the 17th largest holder of US treasury bond bonds in the world.