Crypto giant Tether pushes into the U.S. with USAT stablecoin to challenge Circle
Tether, the world’s largest stablecoin issuer, now has a foothold in the country that President Donald Trump calls the ‘crypto capital of the world.’ The company announced on Tuesday that it launched USAT, a stablecoin designed to be compliant with U.S. regulations that it first teased last fall.
The new stablecoin will be issued through the federally chartered bank Anchorage and was created to comply with the Genius Act, a law passed last year with strong support from the White House that created a regulatory framework for digital dollars.
The launch marks the latest example of Tether’s growing influence in finance and in the tech sector more broadly, where the company—which made $15 billion in profits last year—is…
