Search results for USAT
Crypto
Tether expands non-dollar stablecoins, pushes Georgian lari-pegged GELT
Tether and the Georgian government are moving to launch GELT, a stablecoin pegged to the Georgian lari, within Georgia’s newly established digital asset regulatory framework. Tether said it expects GELT to support digital payments in Georgia and cross-border commerce, but said details such as structure, launch method and regulatory application will be disclosed later. Georgia’s central bank has set out rules covering reserves, redemption rights, oversight and AML compliance.
Crypto
Tether unveils consumer self-custody wallet supporting USDT and bitcoin transfers
Tether has launched a self-custody wallet, Tether Wallet, that supports USDT, bitcoin and tokenised gold. The company said it aims to reach billions of users excluded from the traditional financial system and to put payment infrastructure directly in users’ hands. The wallet supports a limited set of assets and lets users send funds via human-readable identifiers. It also lets users pay fees with the transferred asset and runs on multiple networks including Ethereum and Bitcoin Lightning.
Crypto
Tether releases first reserve report for U.S.-regulated stablecoin USAT
Anchorage Digital Bank released Tether’s first reserve verification report for its U.S.-regulated stablecoin USAT, The Block reported on Monday. As of Jan. 31, Tether held $17,604,716 in reserves against 17,501,391 USAT in circulation, about 0.6 percent more than outstanding. The reserves consist of U.S. dollar cash and reverse repo agreements backed by U.S. Treasuries, held in segregated trust accounts. USAT was launched on Jan. 27 and is issued by Anchorage Digital Bank.
