Tether's "helding and expansion" U.S. strategy puts Circle on the defensive amid market turmoil, testing regulation and privacy

Tether launches USAT, a stablecoin that complies with U.S. regulations, issued by Anchorage Digital and backed by Cantor Fitzgerald, aiming to enter the U.S. market under new regulatory guidelines. The move will challenge Circle’s USDC and mark Tether’s shift toward compliance strategy, with institutional support and adoption of a non-income design that complies with U.S. law. USAT is expected to go public at the end of the year, reflecting a wider industry convergence between cryptocurrencies and traditional finance.