[DigitalToday reporter Chi-gyu Hwang] Tether has officially launched USAT, a stablecoin that complies with regulations in the United States, Cointelegraph reported on Jan. 27 local time.

USAT is issued by Anchorage Digital Bank, and Cantor Fitzgerald holds its reserves. USAT is the first stablecoin approved at the federal level under the U.S. GENIUS bill.

USAT operates on the Ethereum blockchain as an ERC-20 token. Its supply at launch is $10 million, and it can be traded on major exchanges including Bybit, Crypto.com, Kraken and OKX.

Cantor Fitzgerald will manage USAT reserves and serve as a primary dealer, and Tether plans to use this to strengthen cooperation with financial markets in the United States.

Tether CEO Paolo Ardoino (파올로 아르도이노) said, "USAT provides a new option for institutions in the United States, and as USDT has proven global reliability and transparency for more than 10 years, USAT will expand its role as a digital dollar that complies with federal regulations." Tether USAT CEO Bo Hines (보 하인스) added, "We will prioritize stability, transparency and responsible governance, and support the United States in leading digital dollar innovation."