Tether launches USA₮ stablecoin to comply with US GENIUS Act

Tether announced on January 27 the launch of USA₮, a federally regulated, dollar-backed stablecoin built to operate under the US GENIUS Act and issued by Anchorage Digital Bank, N.A. It is Tether’s first stablecoin designed to operate fully within the US regulated financial system.

According to Tether, USA₮ is structured to meet the GENIUS Act’s payment stablecoin requirements, including bank issuance, full reserve backing, and ongoing regulatory supervision. Cantor Fitzgerald will act as reserve custodian and preferred primary dealer to provide transparency over reserves from launch.

In its initial phase, Tether said USA₮ will be available through platforms including Kraken, Crypto.com, MoonPay, OKX, and Bybit, targeting US institutions and platforms that require a federally regulated digital dollar. The launch follows regulatory pressure from the GENIUS Act, which created the first nationwide framework governing stablecoins offered to US users and restricted US distribution of offshore-issued tokens that do not meet federal or state-qualified standards.

That framework had limited use of Tether’s flagship USDT in the US market.

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