Tether to Launch USAT Stablecoin in December (GENIUS Act)
Tether will launch its USAT stablecoin in December under the GENIUS Act. The USAT stablecoin will be issued by Tether America in partnership with Anchorage Digital, with reserves managed by Cantor Fitzgerald. Tether invested $775 million in Rumble to support its upcoming crypto wallet, which will enable Bitcoin tipping and distribute USAT tokens to 51 million active US users. Tether has appointed Bo Hines as USAT CEO and opened a US headquarters. It aims to expand adoption to 100 million Americans through social media and content-platform investments. This US-regulated digital dollar project underscores Tether’s commitment to compliance and mainstream stablecoin adoption, potentially intensifying competition and boosting on-chain liquidity.
Bullish
In the short term, the USAT stablecoin launch and Rumble wallet partnership should boost on-chain liquidity and USAT adoption, offering traders new hedging and payment options. In the long term, compliance with the GENIUS Act, reserves managed by Cantor Fitzgerald, and a dedicated US headquarters strengthen trust and support mainstream stablecoin usage. These factors could drive sustained demand for USAT, making the overall market impact bullish.