Tether, the largest stablecoin issuer, has launched its onshore US regulated stablecoin USA₮, with Anchorage Digital Bank as the issuer. Anchorage Digital Bank, the first federally chartered digital asset bank in the US, holds a national trust charter.
According to Nathan McCauley, CEO and Co-Founder of Anchorage Digital: “USAT reflects what’s possible when stablecoin issuance is done inside the U.S. banking system, under real supervision, with real accountability, at real scale.”
Tether group CEO Paulo Ardoino said the stablecoin provides another option for institutions. Bo Hines, former Executive Director of the White House Crypto Council, was appointed CEO of Tether US last year.
The partnership with Anchorage represents a strategic choice for Tether. The company earned approximately $15 billion in profit last year, giving it sufficient resources to launch its own national trust bank. Other stablecoin issuers have taken this route, including Circle, Ripple, and Trump-affiliated World Liberty Financial. However, Tether’s regulatory history complicated that path.
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