USAT | Crypto

Tether has unveiled USAT, a new stablecoin product for the US market, according to a Sept. 12 statement. Alongside the announcement, the company confirmed that Bo Hines will become the CEO-designate for the USAT stablecoin. Hines described his appointment as an opportunity to reinforce America’s influence in global finance by launching a stablecoin rooted in […] The post Tether launches compliant USAT stablecoin under new leadership appeared first on CryptoSlate.

Tether has unveiled USA₮ for the U.S., backing a dollar token with transparent reserves, issued via Anchorage Digital and supported by Cantor Fitzgerald, and has named Bo Hines CEO. Stablecoin compliance has been aligned with the GENIUS Act and the token will run on the Hadron platform. The post Tether Shakes Up Stablecoin Market, Unveils New U.S.-Based Rival ‘USAT’ appeared first on Cryptonews.