Tether Launches USAt Stablecoin Under US GENIUS Act
Tether has introduced a new stablecoin, USAt, designed to comply with new U.S. stablecoin regulations. The stablecoin is issued by Anchorage Digital Bank and is reportedly backed by reserves held at Cantor Fitzgerald. According to reports, USAt is launching on major exchanges under the US GENIUS Act. The development marks a significant step for Tether in navigating the evolving regulatory landscape for stablecoins in the United States.
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