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Tether Returns to US Market With Launch of USAT Stablecoin

Tether Holdings SA said it has launched a US-focused stablecoin, as the world’s largest issuer of dollar-pegged tokens prepares to return to crypto’s largest market.The new token, known by its ticker USAT, was issued by Anchorage Digital Bank NA, according to a statement published Tuesday. Cantor Fitzgerald LP, which already manages the reserves of Tether’s mainstay $186 billion USDT stablecoin, will do the same for the new coin as its designated reserve custodian and preferred primary dealer....

Read more at bloomberg.com

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