The launch comes as the US stubcoin market expands under the clarity of new regulations.
Stablecoin-Issuer Tether announced a new Stablecoin for American users called USAT at an event in New York City on Friday, September 12th.
The coin was announced with 1:1 USD regulated to USD, pegged and with news that Bo Hines will act as Tether USAT’s future CEO.
The motivation behind the decision is to bring stubcoin to some of the world’s most prominent financial markets, said the US Tether CEO Paolo Aldoino. Tether is the publisher of USDT, the world’s largest stub coin, and currently leads a market share of 58% with a market capitalization of $169 billion.
The move occurred amid Stablecoin Boom, with the sector’s total market capitalization rising to $287 billion from $208 billion earlier this year.
“For over a decade, Tether has issued USDT, the backbone of the digital economy, as the creator of the stubcoin industry, and has issued US dollar stables for the hundreds of millions of unserved people living in emerging markets today, proving that digital assets can offer trust, revival and freedom on a global scale.
The sector’s expansion is also driven by the clarity of regulations from Congress, which passed the Stablecoin-focused Genius Act in mid-July. President Donald Trump signed the law the following day.
The release reveals that USAT will leverage Hadron through Tether, a real-world asset (RWA) tokenization platform. Anchorage Digital acts as a genius ACT compliant publisher for USAT.
When asked if Tether was due to be released soon, Aldoino simply said “no.”
