USAT is coming: Tether plans to show his strength in the United States
Source: CoinWorld
Time: 2025-09-16 17:52:50
Tether CEO Paolo Ardoino has announced the launch of USAT, a regulated dollar-backed token for the U.S. market, expected to be available later this year. Anchorage Digital will issue the token, while Cantor Fitzgerald manages the reserves, both companies hold stakes in Tether’s newly formed U.S. entity. Bo Hines, a former White House cryptocurrency committee executive, leads the department. Gemini's shares soared 32% on the first day of its listing on Nasdaq to a valuation of $4.4 billion, while Figure Technologies closed 24% above its IPO price.