Tether launches a new stablecoin, USA₮, targeting the US market.

PANews reported on January 27th that Tether officially launched USA₮, a US dollar-denominated stablecoin issued by Anchorage Digital Bank, NA . This product operates under the newly passed GENIUS Act federal stablecoin framework in the United States. USA₮ is custodied and held in reserve by Cantor Fitzgerald and is issued to US institutions and platforms, initially including Bybit , Crypto.com , Kraken , OKX , and Moonpay . Tether stated that the globally circulating USD₮ will continue to comply with GENIUS Act requirements, while USA₮ is specifically designed for the highly regulated US environment and issued through a federally regulated bank. Tether Operations also emphasized that USA₮ is not a legal tender and is not covered by insurance from government agencies such as the FDIC or SIPC.