Tether, the company behind the world’s most widely used stablecoin, today unveiled USA₮, a dollar-backed token explicitly designed to operate inside the United States’ new federal stablecoin framework under the GENIUS Act. Unlike Tether’s global USD₮, USA₮ will be issued through Anchorage Digital Bank, N.A., making it the country’s first federally regulated stablecoin issued by a nationally chartered bank.
The launch, which follows last year’s announcement of the token’s design and the appointment of former White House Crypto Council Executive Director Bo Hines as CEO of Tether USA₮, positions USA₮ as a product tailored to the demands of U.S. institutions and regulated financial rails. Tether framed the move as a way to marry the scale and operational maturity of its existing stablecoin ecosystem with the compliance expectations of America’s most demanding institutions.
“USA₮ offers institutions an additional option: a dollar-backed token made in America,” said Paolo Ardoino, CEO of Tether. Ardoino highlighted USD₮’s decade-long track record of global utility and said USA₮ extends that mission by delivering a federally regulated product built specifically for the U.S. market.
Bo Hines, who will lead Tether USA₮, said the new token is centered on “stability, transparency, and responsible governance,” and stressed the importance of creating a digital dollar designed to meet federal regulatory expectations. Anchorage Digital Bank, which will serve as USA₮’s issuer, brings bank-grade controls, on-chain transparency, and integrated risk management to the project, Tether said.
Cantor Fitzgerald will act as the designated reserve custodian and preferred primary dealer for USA₮, a role intended to ensure day-one visibility and secure management of the token’s underlying assets. Tether also noted that U.S.-regulated exchanges and banking partners are being lined up to broaden access across the American financial ecosystem.
Anchored in the U.S.
During its initial rollout, USA₮ will be available on Bybit, Crypto.com, Kraken, OKX, and Moonpay, opening the token to a mix of exchanges and payment platforms that serve both retail and institutional customers. Tether emphasized that USA₮ is built to function reliably within the GENIUS Act’s federal stablecoin regime, rather than merely to satisfy a checklist of regulatory requirements. That focus, the company says, is intended to support high-volume institutional use “day in and day out.”
The introduction of USA₮ comes at a moment when dollar-backed tokens play a significant role in global digital commerce. Tether framed the launch as reinforcing the strength of the U.S. dollar in an increasingly digital monetary landscape, noting that Tether Group ranks among the world’s largest holders of U.S. Treasuries. “USD₮ continues to power the digital economy at scale,” the company said, adding that USA₮ will serve as the foundational rail for the “next generation of American commerce, trade, and finance.”
While USD₮ will continue to operate globally and pursue GENIUS Act compliance, Tether described USA₮ as purpose-built for America’s highly digital payment infrastructure and meant to be issued through a nationally chartered bank to meet domestic institutional needs.
Tether framed the move as part of a broader push to keep the U.S. at the forefront of digital dollar innovation. “Tether’s support for USA₮ underscores its commitment to driving U.S. dominance and leadership in the evolving digital asset economy,” the company said.
Important note: USA₮ is not legal tender under section 5103 of title 31, United States Code, and it is not issued, backed, approved, or guaranteed by the U.S. government. USA₮ is not subject to FDIC or SIPC insurance or any other government agency protections. The press release was published by Tether Operations, S.A. de C.V., for informational purposes only. Tether Operations is not the issuer of USA₮; Anchorage Digital Bank, N.A. is the issuer.
