Tether, launch USAT, higher up with Circle
USAT IS EXPECTED TO BE OFFICIALLY ONLINE BY 2025, INITIALLY OPEN TO UNITED STATES RESIDENTS, BUSINESSES AND INSTITUTIONAL USERS。
USAT IS EXPECTED TO BE OFFICIALLY ONLINE BY 2025, INITIALLY OPEN TO UNITED STATES RESIDENTS, BUSINESSES AND INSTITUTIONAL USERS。
Author: 1912212.eth, Foresight News
On 12 September, Tether announced the launch of the brand-new Stable Currency USAT, a fully compliant United States dollar supporting Stable Currency designed for the United States market. Also announcing the appointment of Bo Hines as Chief Executive Officer of future United States Tether USAT。
In the area of encrypted currency, Tether 's USDT market value exceeds $170 billion and is widely used for trading, cross-border payments and DeFi applications. Tether earned more than $13 billion a year in 2024, with total profits of approximately $5.7 billion in the first half of 2025, of which Q2 recorded a single-quarter net profit of $4.9 billion, mainly from US Treasury debt return and reserve appreciation。
According to defiLlama, as at 14 September, the total market value of the stable currency was approximately $28,92.34 billion, of which the USDT accounted for 58.96 per cent and dominated the market。
However, as the regulatory environment in the United States becomes more stringent, Tether faces compliance pressure. Tether's launch of the brand-new Stable Currency USAT was seen as a strategic move towards the United States mainland market。
This decision by Tether is not a surprise but a response to global regulatory trends. Since 2022, institutions such as the United States Securities and Exchange Commission (SEC) and the Commodity Futures Exchange Commission (CFTC) have strengthened the regulation of stable currencies. As a non-U.S.-based distribution product, the U.S.S.S.S.T. has repeatedly been involved in disputes, including issues of reserve transparency and anti-money-laundering compliance. Tether, based in the British Virgin Islands, although its stable currency is in global circulation, is restricted in use in the United States and some exchanges and agencies are reluctant to directly support non-compliance assets. The USAT was launched precisely to fill this gap by providing a stable currency option consistent with the United States legal framework. USAT will anchor the United States dollar at 1:1, supported by Tether ' s reserves, including high liquidity assets such as cash, United States Treasury bonds。
The core highlight of USAT is its US-compliant properties. According to Tether's official statement, the stabilization currency will be issued and managed by a newly established United States subsidiary, and is expected to be officially online by 2025, initially for United States residents, businesses and institutional users. Unlike USDT, USAT will strictly comply with the provisions of the Bank Secrecy Act (BSA) and the Anti-Money Laundering (AML) to support the KYC certification。
IN ADDITION, USAT NETWORK ISSUES IMPORTANT TIPS THAT USAT IS NOT A LEGAL CURRENCY AND WILL NOT BE ISSUED, SUPPORTED, APPROVED OR GUARANTEED BY THE UNITED STATES GOVERNMENT. USAT IS NOT INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION (DFIC), THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC) OR ANY OTHER GOVERNMENT AGENCY。
It is worth mentioning that Tether appointed Bo Hines as CEO of the new business, Bo Hines, a senior person in the political and business arena who served as adviser to former President Donald Trump and ran for a seat in the Congress of North Carolina in 2022. He is well known for his conservative stance, particularly in the area of encrypted monetary regulation and innovation policies。
The entry of Hines was seen as a signal from Tether to rally American political influence. Hines revealed that its new United States headquarters would be located in Charlotte, North Carolina。
In terms of market impact, the launch of USAT could reshape the United States stable currency pattern. Currently, USDT dominates global transactions, but on the American mainland, the USDC issued by Circle is one step ahead of its compliance advantage. The market value of USDC is approximately $73.1 billion, mainly for United States agencies such as Visa and Mastercard, which have been integrated into payment systems。
The emergence of USAT will directly challenge the position of the USDC, especially with regard to enterprise-level applications. Tether claims that USAT will support lower transaction costs and higher liquidity, suitable for supply chain finance, real estate transactions and cross-border remittances. For example, a United States exporter could use USAT to settle overseas orders in an instant, avoiding high fees and delays in traditional banks. This is particularly attractive in the current context of heightened global economic uncertainty。