Tether Launches USAT Stablecoin Under US GENIUS Act

Tether has officially launched USAT, a new US dollar-backed stablecoin designed to operate under the GENIUS Act, the federal stablecoin framework signed into law last year by US President Donald Trump.

This launch marks Tether’s first regulated stablecoin, designed specifically for the US market. According to a press release, USAT is issued by Anchorage Digital Bank, a federally chartered crypto bank. Cantor Fitzgerald will act as the preferred reserve custodian and primary dealer, strengthening institutional and regulatory support for the stablecoin.

⚡️ @Attached unfolds $USATits stablecoin regulated by the United States and backed by the dollar

Designed to work within the new federal stablecoin framework of the GENIUS Act, @USAT is delivered by @Anchoring Digital banking. @OKX And @Bybit_Official have already announced the listing of the stablecoin on the… pic.twitter.com/U74tACPNmI

– CryptoDep (@Crypto_Dep) January 27, 2026

Blockchain data from Etherscan shows that USAT is already live on Ethereum, with a circulating supply of just over 10 million tokens. Tether has not yet disclosed its plans to roll out to other networks.

Tether first hinted at launching USAT in September last year, alongside the announcement that Bo Hines, a former White House crypto advisor, would serve as CEO. The stablecoin’s debut is significant because it positions Tether in the US regulatory landscape, after years of global domination with USDT.

GENIUS Act rules shape USAT launch

The GENIUS Act requires stablecoin issuers to maintain 1:1 dollar backing, conduct monthly audits, and hold reserves in cash or short-term U.S. Treasuries. The law also prohibits stablecoin issuers from offering a return to users, a restriction that banks are attempting to extend to crypto companies through the CLARITY bill.

Tether has confirmed that USAT will be listed on major crypto platforms during its initial rollout, including Bybit, Crypto.com, OKX and Kraken, as well as fintech platform MoonPay. Bybit, Crypto.com, and OKX have already confirmed their listings, while Bitfinex plans to support the stablecoin soon.

Despite the launch of USAT, Tether emphasized that USDT will continue to operate globally, while gradually coming into compliance with the GENIUS Act. CEO Paolo Ardoino described USAT as a “made in America dollar-backed token” designed to serve institutions in the U.S. financial system.

Bo Hines added that USAT is focused on stability, transparency and responsible governance, supporting U.S. leadership in digital dollar innovation.

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