.jpg)
Tether launches USAT with Anchorage Digital
29 January 2025 US
Image: Alvaro/stock.adobe.com
Tether has launched the US-regulated, dollar-backed stablecoin USAT, in partnership with Anchorage Digital, a global institutional crypto platform and security infrastructure provider.
The federally regulated Anchorage Digital Bank will issue USAT directly, intended to offer institutions the ability to combine the benefits of traditional banking with the speed and programmability of onchain rails.
Issuance through the digital bank is said to ensure USAT is regulated under the federal oversight of the Office of the Comptroller of the Currency.
According to Tether, the launch of a federally regulated product is representative of an expansion of the stablecoin ecosystem.
Commenting on the issuance, Nathan McCauley, CEO and co-founder of Anchorage Digital, says: “USAT reflects what’s possible when stablecoin issuance is done inside the US banking system, under real supervision, with real accountability, at real scale.”
CEO of Tether, Paulo Ardoino, believes that the stablecoin “offers institutions an additional option: a dollar-backed token issued within a US federal regulatory framework”.
The federally regulated Anchorage Digital Bank will issue USAT directly, intended to offer institutions the ability to combine the benefits of traditional banking with the speed and programmability of onchain rails.
Issuance through the digital bank is said to ensure USAT is regulated under the federal oversight of the Office of the Comptroller of the Currency.
According to Tether, the launch of a federally regulated product is representative of an expansion of the stablecoin ecosystem.
Commenting on the issuance, Nathan McCauley, CEO and co-founder of Anchorage Digital, says: “USAT reflects what’s possible when stablecoin issuance is done inside the US banking system, under real supervision, with real accountability, at real scale.”
CEO of Tether, Paulo Ardoino, believes that the stablecoin “offers institutions an additional option: a dollar-backed token issued within a US federal regulatory framework”.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
