Tether将推出新稳定币USAT

稳定币之战正式升级!全球最大稳定币发行方 Tether 宣布推出全新的“美国版稳定币”——USAT，意在进军受监管市场，正面挑战 Circle 的 USDC。这标志着 Tether 正从海外灰色地带向美国合规体系迈进，也意味着稳定币竞争正从“规模之争”转向“监管之争”。据业内消息，Tether 此举或与近期美国加密立法提速有关，而机构投资者的入场需求正在让合规稳定币成为下一个爆发点。USAT 的推出，或将重塑美元稳定币的市场格局。

Tether 宣佈推出合规稳定币 $USAT，由美国授权机构发行并符合《GENIUS 法案》，标誌其首次正面进军美国市场，开启与监管对话新阶段。并同步公布 Bo Hines 将担任 Tether USA₮ 的执行长。这一双重宣布被视为 Tether 在推动透明化、合规性与技术创新方面的重要里程碑。

全球稳定币霸主再出招：Tether 推出 USA₮

Tether 旗下的美元稳定币 USD₮ 目前是全球市值最大、使用最广泛的稳定币，市值高达 1690 亿美元，日交易量甚至超越部分主流支付系统与信用卡机构。如今，Tether 计划透过新推出的 USA₮，进一步巩固美元在数位资产时代的领导地位。

This new stable coin will be issued by a US-regulated entity. It is designed in accordance with the newly enacted GENIUS Act. The goal is to provide institutions and businesses with a reliable digital payment option, replacing cash and traditional payment infrastructure.

Compliance and technical support: The three partners behind USA₮ are

. The issuance of USA₮ will involve multiple parties, including:

● Anchorage Digital: This is the first federally regulated crypto bank in the US, and it will serve as the compliance issuer for USA₮.

● Hadron by Tether: This platform, part of Tether, provides technical support for USA₮.

● Cantor Fitzgerald: As the custodian of reserve assets and main trading partner, Cantor Fitzgerald is responsible for managing the reserve funds.

This arrangement means that USA₮ is not just another stable coin, but rather a formal “ticket” for Tether to enter the US regulatory framework. It represents Tether’s future expansion into the US market.

Bo Hines leads Tether USA₮, strengthening Tether’s leadership in the US market.

Tether also announced that Bo Hines will serve as the CEO of Tether USA₮. Hines is former executive director of the White House Cryptocurrency Council. He has experience in law, policy, and entrepreneurship, and has worked to promote policy development and governance in the field of digital assets in the US.

Tether CEO Paolo Ardoino said, "We believe in the long-term strength of the US dollar. We also believe that transparent and reliable products can help the US dollar maintain its advantages in the digital age, even enhance them further. USA₮ is a concrete manifestation of this belief."

Hines also commented, "I feel honored to lead the development of USA₮. Our goal is to strike a balance between compliance and innovation, thereby creating the most trustworthy stable coin in the United States."

With strong financial support, Tether’s stable coin empire continues to grow.

In addition to product and personnel updates, Tether Group’s financial performance is also impressive. In 2024, Tether achieved a profit of $13 billion, and in 2025, it continued to grow. Tether became the 18th largest holder of US government bonds, surpassing Germany, South Korea, and Australia.

This not only reflects Tether’s strong asset management capabilities but also strengthens market confidence in its stable coin reserves, providing strong financial and reputational support for the issuance of USA₮.

To expand into the US market, Tether is working to create the next generation of digital dollars.

The launch of USA₮ is not just the creation of a new product, but also part of Tether’s vision for “Digital Dollar 2.0”. From technological innovation to regulatory compliance and corporate governance, Tether is setting new standards for the stable coin industry. This also indicates that the cooperation between the U.S. government and private companies is becoming more mature. Stable coins are no longer products of the gray area; they are now part of the mainstream financial framework.

With changing regulations and increasing competition, Tether is aiming for leadership in the new era.

Tether’s decision to launch $USAT at this time is closely related to the gradual clarity of regulations surrounding stablecoins worldwide. The passage of the GENIUS Act in the United States provides a legal basis for the issuance of stablecoins at the federal level, creating opportunities for fair competition among domestic and international players. Tether’s long-established network and brand presence in the global market are key assets that enable it to enter the local market at this moment.

Competition in the stablecoin industry is becoming increasingly fierce. In addition to Circle launching $USDC and ARC blockchain, PayPal issuing $PYUSD, and emerging players like Stripe, Fireblocks, and MetaMask also joining the market. Facing declining market share and rising competitors, Tether’s launch of $USAT signifies not only its attempt to maintain its leading position but also its goal of achieving new heights in terms of compliance and globalization.

By launching $USAT in response to U.S. policies, Tether is shifting from avoiding regulation to taking proactive steps. This marks a new phase for Tether, as it moves from being a “borderline innovation” to becoming an essential part of “international financial infrastructure”.