Tether to Launch USAT Stablecoin in 2025 Backed By U.S. Dollars and Issued By Anchorage Digital

Tether plans to launch a US-regulated stablecoin called USAT backed by dollars and issued by Anchorage Digital.

Bo Hines becomes CEO of Tether US as the company expands operations from Charlotte, North Carolina.

USAT will follow new federal rules and compete with USDC and Paxos in the growing stablecoin market.

Tether revealed plans to launch a new stablecoin called USAT. This token will be fully backed by U.S. dollars and regulated under U.S. financial standards. Unlike USDT, which operates globally, USAT is designed specifically for the American market.

Anchorage Digital, a federally regulated crypto bank, will issue the token. Cantor Fitzgerald will manage its reserves. Tether aims to launch USAT before the end of the year. The move comes as demand for transparent, regulated digital assets grows across institutional markets.

Tether Appoints Bo Hines as U.S. CEO

Tether has appointed Bo Hines as the CEO of its newly launched U.S. division. Hines previously served as Executive Director of the White House Crypto Council under former President Donald Trump. He also held a strategic advisor role with Tether before the appointment.

His appointment marks a key leadership shift as Tether expands its presence within U.S. regulatory boundaries. The new division will operate from Charlotte, North Carolina, which is Hines’ home state.

Focus on U.S. Compliance and Institutional Growth

USAT is positioned to compete with other U.S.-based stablecoins like Circle’s USDC, Paxos, and Ripple’s XRP-linked solutions. It is built to meet new federal rules introduced under the GENIUS Act, which standardizes stablecoin issuance in the U.S.

Tether emphasized that USAT will include full reserve transparency and clear governance structures. The company plans to reduce intermediaries and focus on direct access for U.S. institutions and businesses.

Ardoino confirmed that Tether will not seek a public listing. Instead, the firm remains focused on expansion through partnerships and regulated infrastructure.

US Operations Expand as Global Reach Remains

The new U.S. unit adds a domestic layer to Tether’s global strategy. International headquarters will remain in El Salvador. The U.S. unit’s launch also strengthens Tether’s financial footprint in American markets.

Tether is currently ranked as the 18th largest holder of U.S. Treasury bonds. The company generated $13 billion in profits during 2024 and projects similar growth this year.

Anchorage Digital and Cantor Fitzgerald will also become shareholders in the U.S. entity. They are expected to share revenue from the reserves backing USAT. The exact terms of the structure are still under discussion.

USDT remains Tether’s largest asset, with $169 billion in circulation. However, USAT signals a targeted shift to address regulatory expectations in the U.S. market.