Tether, the largest company in the digital asset industry, today announces the official launch of USA₮, the federally regulated, dollar-backed stablecoin developed specifically to operate within the United States’ new federal stablecoin framework established under the GENIUS Act. The issuer of USA₮ is Anchorage Digital Bank, N.A., America’s first federally regulated stablecoin issuer. USA₮ is now available to U.S. users seeking a dollar-backed token built to operate within the U.S.’ dedicated federal regime. USA₮ represents a milestone not only for Tether but for the trajectory of the U.S. dollar in a digital era.
As a potential framework for federal oversight emerges, USA₮ enters a market where dollar-backed tokens already play a central role in global commerce. This launch reinforces the strength of the U.S. dollar at a moment when countries are competing to shape the future of money. It brings together the scale and operational maturity of the world’s most widely used stablecoin ecosystem, USD₮, with a framework designed for America’s most demanding institutions, signaling a new chapter where the dollar continues to set the standard for trust, transparency, and technological leadership. While USD₮ continues to operate globally and leads as the world’s most widely adopted stablecoin, progressing towards GENIUS Act compliance, USA₮ is purpose-built for the U.S. market and its highly digital payment infrastructure, providing institutions with a digital dollar that is issued through a nationally chartered bank.
USA₮ is issued by Anchorage Digital Bank, and is available to institutions and platforms alike. USA₮ has been designed to operate within the GENIUS Act’s new federal stablecoin framework. U.S.-regulated exchanges and banking partners are being lined up to support broad access to USA₮ across the American financial ecosystem. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer, ensuring secure asset management and clear visibility into reserves from day one.
Anchorage Digital Bank has built scalable infrastructure with on-chain transparency, deeply integrated risk management, and bank-grade compliance. USA₮ is not simply designed to satisfy applicable regulatory requirements, but to function reliably within them – day in and day out, at an institutional scale. Tether is reinforcing its role as a global macroeconomic participant. Tether Group is the 17th-largest holder of U.S. Treasuries globally, ahead of sovereign holders including Germany, South Korea, and Australia.
“USA₮ offers institutions an additional option: a dollar-backed token made in America,” said Paolo Ardoino, CEO of Tether. “USD₮ has proven for more than a decade that digital dollars can deliver trust, transparency, and utility at a global scale. USA₮ extends that mission by providing a federally regulated product designed for the American market.” “With the launch of USA₮, we see a digital dollar that is designed to meet federal regulatory expectations,” said Bo Hines, CEO of Tether USA₮. “Our focus is stability, transparency, and responsible governance, ensuring that the United States continues to lead in dollar innovation.” During the first phase of the launch, USA₮ will be available on Bybit, Crypto.com, Kraken, OKX, and Moonpay.
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