Tether Launches USA₮ as a Federally Regulated Dollar-Backed Stablecoin for the U.S. Market

Tether announced the launch of USA₮, a dollar-backed stablecoin intended to operate within the U.S. federal stablecoin framework established under the GENIUS Act. 

The token is issued by Anchorage Digital Bank, N.A., a federally regulated digital asset bank.

The launch represents the formal market introduction of USA₮, following an earlier announcement that outlined the token’s structure and named Bo Hines as chief executive of Tether USA₮. 

The company said the product is now available to U.S. users seeking a dollar-backed digital asset designed to operate under the U.S. regulatory framework.

According to Tether, USA₮ is intended for institutional use within the U.S. financial system, where dollar-denominated digital assets are already used for payments and settlement. 

The token is positioned as a domestically issued alternative to stablecoins that operate primarily in international markets, with issuance conducted through a nationally chartered bank.

Tether said its existing global stablecoin, USD₮, will continue to operate internationally while progressing toward compliance with the GENIUS Act. 

USA₮, by contrast, has been developed specifically for the U.S. market and its digital payments infrastructure. The company stated that the two products are designed to serve different regulatory environments.

USA₮ is issued by Anchorage Digital Bank and is available to institutions and platforms. 

Tether said U.S.-regulated exchanges and banking partners are being prepared to support access to the token. Cantor Fitzgerald has been designated as reserve custodian and preferred primary dealer.

Anchorage Digital Bank said its infrastructure includes on-chain transparency, integrated risk management, and compliance systems aligned with federal banking standards. 

Tether stated that USA₮ is designed to function within regulatory requirements on an ongoing basis at institutional scale.

Tether also referenced its broader exposure to U.S. dollar assets, noting that Tether Group holds a significant amount of U.S. Treasuries. 

The company said USD₮ continues to be used internationally for payments, commerce, and reserves.

“USA₮ offers institutions an additional option: a dollar-backed token made in America,” said Paolo Ardoino, CEO of Tether. 

“USD₮ has proven for more than a decade that digital dollars can deliver trust, transparency, and utility at a global scale. USA₮ extends that mission by providing a federally regulated product designed for the American market.”

“With the launch of USA₮, we see a digital dollar that is designed to meet federal regulatory expectations,” said Bo Hines, CEO of Tether USA₮. 

“Our focus is stability, transparency, and responsible governance, ensuring that the United States continues to lead in dollar innovation.”

During the initial rollout, USA₮ will be available on Bybit, Crypto.com, Kraken, OKX, and MoonPay.