BlockBeats News, January 27, Tether today officially launched USAT, a US dollar-backed stablecoin subject to US federal regulation. The token was developed based on the federal stablecoin framework established under the GENIUS Act and issued by Anchorage Digital Bank, the first federally regulated stablecoin issuer in the US. Bo Hines was appointed as the CEO of Tether USAT. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer. USAT is designed for the US market and digital payment infrastructure, with the first batch of platforms going live including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USDT will continue to operate globally. Currently, the Tether Group is the 17th largest holder of US Treasury bonds worldwide.