USAt Goes Live as Tether’s First Domestically Issued Stablecoin

Tether has introduced USAt, a new U.S. dollar–backed stablecoin designed to comply with U.S. federal regulations. The token marks Tether’s first effort to issue a stablecoin specifically for domestic use under a new legal framework. Additionally, the initial exchange listings represent its first public rollout.

Tether Confirms USAt Stablecoin Goes Live With $10M Initial Supply

The company confirmed on Tuesday that USAt is now live, following an initial announcement made last year. Anchorage Digital Bank, a federally chartered crypto bank, is responsible for issuance. Tether describes USAt as a regulated payment stablecoin built to operate under the GENIUS Act, which became law in July 2025 as the first federal framework governing payment stablecoins.

USAt launched with an initial supply of $10 million, according to on-chain observers. The token is issued as an ERC-20 asset on the Ethereum blockchain. It is now available on several major platforms, including MoonPay, Crypto.com, OKX, Kraken, and Bybit.

Cantor Fitzgerald serves as the custodian for the stablecoin’s reserves and acts as the preferred primary dealer. This arrangement places the token’s backing under a major U.S. financial institution, offering clearer visibility into reserve management.

New Stablecoin Framed as Regulated Alternative to Global Dollar-Pegged Digital Assets

Tether previously outlined the project’s leadership structure. Bo Hines, formerly associated with President Donald Trump’s Council of Advisers on Digital Assets, serves as CEO of Tether USAt. The appointment underscores the project’s emphasis on regulatory alignment and policy experience.

Key features of USAt include:

• Issuance by a federally regulated U.S. crypto bank.
• Full dollar backing held by a U.S.-based financial custodian.
• Compliance with the GENIUS Act framework.
• Deployment on Ethereum as an ERC-20 token.
• Access for U.S. users through major exchanges.

Tether CEO Paolo Ardoino said USAt provides institutions with a dollar-backed digital asset issued within the United States. He noted that while USDt has operated globally for more than a decade, USAt extends the same model into a domestic, federally regulated environment.

Hines said the project prioritizes stability, transparency, and responsible governance, positioning USAt as part of a broader effort to keep dollar-denominated digital assets under U.S. oversight.