Tether, ever the bold dreamer in the cryptoverse, is launching a shiny new stablecoin-“USAT.” Yes, you heard it right, folks. This isn’t just any stablecoin, but one crafted with the deepest of American aspirations, built to “serve the U.S. market and follow American regulatory standards.” And leading the charge? None other than Bo Hines, the ex-White House Crypto Czar. Seems like crypto’s got its very own superhero now.🦸♂️
Hines, who joined Tether as an advisor in mid-August, now finds himself at the helm of the USAT project as CEO of Tether USAT, according to a Sept. 12 press release. He’s putting his spin on this thing by saying the coin’s purpose is to “create a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy.” That’s right, folks, they’re doing this for the good ol’ USA. 🇺🇸
As for the launch? Well, they’re being a bit coy with the date. But they’ve been kind enough to let us know that this masterpiece will be “GENIUS Act compliant” (because who doesn’t love a good acronym?) and will operate on Tether’s Hadron platform, which sounds way cooler than your average blockchain. Oh, and did I mention it’s fully backed by the mighty US dollar? Let’s all hold hands and sing “The Star-Spangled Banner.” 🏅
For the crypto aficionados in the room, the USAT will be issued by Anchorage Digital Bank and, in a plot twist, Cantor Fitzgerald will serve as the reserve custodian. Sounds like they’re covering all the bases. Or maybe just looking for another thing to add to their ever-expanding portfolio. 🏦
USDT: Still the King, But USAT Might Just Have Some Sassy Competition
Let’s not forget that Tether’s USDT is still the reigning champ with a whopping 500 million users. Yes, folks, half a billion. As of this very moment, USDT holds a market cap of about $169.5 billion. Meanwhile, Circle is trailing behind with a mere $72.3 billion market cap. But who’s counting? It’s a bit like comparing the Empire State Building to a new coffee shop on the corner. ☕️
The official USAT account appeared on X.com in 2023, signaling that this project had been on Tether’s radar for a while. But it wasn’t until September 12, 2025, that the world saw its first official posts. The suspense! 📅
As of now, no one knows exactly when USAT will officially make its debut. There’s also no word on whether it’ll be restricted by region-will we all get to bask in its glory or just a select few? Time will tell, but rest assured, the world’s waiting with bated breath. ⏳
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2025-09-12 23:08