Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Tether takes the fight to Circle with a new Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Tether takes the fight to Circle with a new

Tether takes the fight to Circle with a new 'made in America' stablecoin

7 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Tether takes the fight to Circle with a new 'made in America' stablecoin

The new token is issued by Anchorage Digital Bank and designed to comply with the GENIUS Act, targeting institutional demand for a U.S.-regulated digital dollar.

By Will Canny, AI Boost|Edited by Stephen Alpher
Updated Jan 27, 2026, 2:05 p.m. Published Jan 27, 2026, 1:46 p.m.
Make us preferred on Google
Tether CEO Paolo Ardoino at White House. (CoinDesk)

What to know:

  • USAT is purpose-built for the U.S. market, operating under the federal oversight of the Office of the Comptroller of the Currency (OCC) via issuer Anchorage Digital Bank.
  • Cantor Fitzgerald will serve as the reserve custodian, while the token launches with support from exchanges including Kraken, OKX, and Crypto.com.
  • Managed by CEO Bo Hines, USAT will coexist with Tether’s global USDT, marking the firm's formal entry into the U.S. domestic regulatory regime.

Tether, the issuer of the world’s largest stablecoin USDT, is making its move into the U.S. domestic market with the launch of USAT, a dollar-backed token issued by Anchorage Digital Bank.

The launch, announced Tuesday, represents Tether’s first product specifically designed to operate within the U.S. federal stablecoin framework established under the GENIUS Act.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

Unlike the globally oriented USDT, USAT is issued directly through Anchorage, a federally chartered, crypto-native bank, bringing its governance under the purview of the Office of the Comptroller of the Currency (OCC).

Stablecoins are cryptocurrencies pegged to assets like fiat currencies or gold. They underpin much of the crypto economy, serving as payment rails and a tool for moving money across borders. Tether's USDT is the largest stablecoin, followed by Circle's (CRCL) USDC.

For years, Circle’s USDC has been the preferred stablecoin for U.S. institutions due to its transparency and domestic alignment. By launching USAT, Tether is taking the fight to Circle’s home turf. Tether aims to leverage its massive financial firepower (reporting billions in quarterly profits) to scale USAT rapidly, aiming for a $1 trillion market cap within five years

The project is led by Bo Hines, former Executive Director of the White House Crypto Council, who serves as CEO of Tether USAT. To bolster institutional appeal, the firms have tapped Cantor Fitzgerald as the designated reserve custodian and primary dealer, aiming to provide bank-grade transparency and asset management from day one.

While Tether’s primary product, USDT, remains the dominant liquidity source in global crypto markets, the firm has faced years of scrutiny regarding its offshore status and reserve transparency. By partnering with Anchorage, Tether is attempting to bridge the gap with U.S. regulators and institutions that require a domestic, made in America alternative.

"USAT offers institutions an additional option: a dollar-backed token made in America,” said Paolo Ardoino, CEO of Tether, in the release. “USDT has proven for more than a decade that digital dollars can deliver trust, transparency, and utility at a global scale. USAT extends that mission by providing a federally regulated product designed for the American market."

At launch, the token will be available on several major trading platforms and payment gateways, including Kraken, OKX, Bybit, Crypto.com, and MoonPay.

Read more: Tether Eyes Fresh Investments to Push USAT Stablecoin to 100M Americans at December Launch

TetherAnchorage DigitalStablecoinsUSDT
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

View Full Report

More For You

Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift

The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.

What to know:

  • Standard Chartered warned that U.S. regional banks are the most exposed to stablecoin disruption due to their heavy reliance on net interest margin (NIM) for revenue.
  • The bank projected that one-third of the growing stablecoin market will be sourced from developed market bank deposits, totaling an estimated $500 billion outflow by 2028.
  • A legislative standoff over whether stablecoin providers can pay interest is stalling market structure legislation, though Standard Chartered still expects a March passage.
Read full story
Latest Crypto News

HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange

WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization

Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines

Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption

Crypto money laundering balloons to $82B as Chinese-language services dominate, Chainalysis says

Top Stories

Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins

Bitcoin, ether stall as metals steal spotlight in low-liquidity trade: Crypto Markets Today

Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility

Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect it

Senate Agriculture panel delays market structure hearing to Thursday after winter storm

Bitcoin bullish bets now a bargain as 7% weekly loss underlines bearish trend

Latest Crypto News

HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange

WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization

Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines

Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption

Crypto money laundering balloons to $82B as Chinese-language services dominate, Chainalysis says

Top Stories

Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins

Bitcoin, ether stall as metals steal spotlight in low-liquidity trade: Crypto Markets Today

Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility

Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect it

Senate Agriculture panel delays market structure hearing to Thursday after winter storm

Bitcoin bullish bets now a bargain as 7% weekly loss underlines bearish trend

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

VanEck Targets Stablecoins & Next-Gen ICOs

VanEck Targets Stablecoins & Next-Gen ICOs

The post VanEck Targets Stablecoins & Next-Gen ICOs appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the firms shaping crypto’s future are not just building products, but also trying to reshape how capital flows. Crypto News of the Day: VanEck Maps Next Frontier of Crypto Venture Investing VanEck, a Wall Street player known for financial “firsts,” is pushing that legacy into Web3. The firsts include pioneering US gold funds and launching one of the earliest spot Bitcoin ETFs. Sponsored Sponsored “Financial instruments have always been a kind of tokenization. From seashells to traveler’s checks, from relational databases to today’s on-chain assets. You could even joke that VanEck’s first gold mutual funds were the original ‘tokenized gold,’” Juan C. Lopez, General Partner at VanEck Ventures, told BeInCrypto. That same instinct drives the firm’s venture bets. Lopez said VanEck goes beyond writing checks and brings the full weight of the firm. This extends from regulatory proximity to product experiments to founders building the next phase of crypto infrastructure. Asked about key investment priorities, Lopez highlighted stablecoins. “We care deeply about three questions: How do we accelerate stablecoin ubiquity? What will users want to do with them once highly distributed? And what net new assets can we construct now that we have sophisticated market infrastructure?” Lopez added. However, VanEck is not limiting itself to the hottest narrative, acknowledging that decentralized finance (DeFi) is having a renaissance. The VanEck executive also noted that success will depend on new approaches to identity and programmable compliance layered on public blockchains. Backing Legion With A New Model for ICOs Sponsored Sponsored That compliance-first angle explains VanEck Ventures’ recent co-lead of Legion’s $5 million seed round alongside Brevan Howard. Legion aims to reinvent token fundraising by making early-stage access…
Share
BitcoinEthereumNews2025/09/18 03:52
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42
Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

The post Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued appeared on BitcoinEthereumNews.com. American-based rock band Foreigner performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 8, 1981. Pictured are, from left, Mick Jones, on guitar, and vocalist Lou Gramm. (Photo by Paul Natkin/Getty Images) Getty Images Singer Lou Gramm has a vivid memory of recording the ballad “Waiting for a Girl Like You” at New York City’s Electric Lady Studio for his band Foreigner more than 40 years ago. Gramm was adding his vocals for the track in the control room on the other side of the glass when he noticed a beautiful woman walking through the door. “She sits on the sofa in front of the board,” he says. “She looked at me while I was singing. And every now and then, she had a little smile on her face. I’m not sure what that was, but it was driving me crazy. “And at the end of the song, when I’m singing the ad-libs and stuff like that, she gets up,” he continues. “She gives me a little smile and walks out of the room. And when the song ended, I would look up every now and then to see where Mick [Jones] and Mutt [Lange] were, and they were pushing buttons and turning knobs. They were not aware that she was even in the room. So when the song ended, I said, ‘Guys, who was that woman who walked in? She was beautiful.’ And they looked at each other, and they went, ‘What are you talking about? We didn’t see anything.’ But you know what? I think they put her up to it. Doesn’t that sound more like them?” “Waiting for a Girl Like You” became a massive hit in 1981 for Foreigner off their album 4, which peaked at number one on the Billboard chart for 10 weeks and…
Share
BitcoinEthereumNews2025/09/18 01:26