Tether has unveiled USAT, a new stablecoin product for the US market, according to a Sept. 12 statement.

Alongside the announcement, the company confirmed that Bo Hines will become the CEO-designate for the USAT stablecoin.

Hines described his appointment as an opportunity to reinforce America’s influence in global finance by launching a stablecoin rooted in transparency and compliance.

What is Tether’s USAT?

Tether explained that USAT differs from its flagship USDT stablecoin as it is focused on complying with US law, particularly the recently enacted GENIUS Act, which sets standards for stablecoin issuance.

The firm continued that the token is a digital-dollar alternative built for American businesses and institutions.

According to Tether, the new stablecoin will be issued through Anchorage Digital, the first federally chartered crypto bank, to ensure compliance from day one. It will operate on Hadron by Tether, the company’s tokenization platform, and its reserves will be managed by Cantor Fitzgerald, which will serve both as custodian and primary dealer.

Tether said its partnerships with these firms aim to address the long-standing criticisms about its operations’ opacity. It further argues that this model creates a fully regulated framework for digital dollars while offering businesses a compliant alternative to cash and traditional payment systems.