Tether, Anchorage Digital Launch USAT Under Federal Charter
Tether has partnered with Anchorage Digital to launch USAT, a USD-backed stablecoin issued under a federal bank charter secured from the US Office of the Comptroller of the Currency. Anchorage Digital will custody reserves and oversee USAT issuance, delivering institutional-grade security and regulatory compliance. USAT will operate on major blockchain networks and aims to boost trust among US regulators and institutional investors. This move strengthens Tether’s stablecoin offering in a regulated environment, potentially increasing market liquidity and setting a new standard for US stablecoins.
Bullish
This news is bullish for USAT (and Tether’s broader stablecoin ecosystem). In the short term, the federal charter provides regulatory clarity that may attract institutional investors, boosting confidence in USAT. While initial liquidity may grow gradually, over the long term, the partnership with Anchorage Digital and the OCC charter sets a stronger foundation for market expansion. Improved compliance and reserve transparency could drive higher adoption and trading volume, supporting stablecoin stability and growth.