Tether Unveils New US-Based Stablecoin, USA₮, to Strengthen US Dollar Dominance
Tether, the company behind the world’s most widely used stablecoin, has announced plans to launch USA₮, an American-backed token designed to reinforce the US dollar’s role in digital markets. This move marks a significant shift in Tether’s strategy, emphasizing compliance, transparency, and American leadership.
In conjunction with the unveiling, Tether appointed Bo Hines, former executive director of the White House’s crypto task force, as CEO of Tether USA₮. This appointment underscores Tether’s commitment to introducing the USA₮, focusing on American leadership and compliance.
The USA₮ will be designed to comply with the recently issued landmark legislation for StableCoin emission in the United States. According to the company, the token will be backed by transparent reserves, issued by Anchorage Digital, the first and only state-regulated crypto bank, and supported by Cantor Fitzgerald, which will act as a custodian and preferred primary dealer.
Anchorage Digital and Cantor Fitzgerald to Back Tether’s New US-Based Stablecoin
Tether has dominated the StableCoin market with its flagship token, USDT, for a long time. This token has evolved into a $169 billion asset, operating a significant portion of the global crypto industry. The company’s scale has placed it among the largest holders of US state bonds, ranking 18th globally, surpassing Germany, South Korea, and Australia.
USDT is used daily by almost 500 million people worldwide, particularly in emerging countries, where it serves as a digital alternative to cash for the underbanked and unbanked. Tether’s commitment to introducing the USA₮ reflects the company’s dedication to preserving the US dollar’s dominance in the digital age, making it “more transparent, more resilient, more accessible, and unstoppable than ever,” according to Paolo Ardoino, CEO of Tether.
Tether Accelerates US Strategy Amid Regulatory Shift
The Tether is increasing efforts to expand in the United States following the passage of landmark StableCoin legislation. In July, CEO Paolo Ardoino stated that the company was “all in” on a domestic strategy focusing on institutional markets, including payments, interbank settlements, and trade.
The push comes as Tether expands its technical footprint. On August 28, the company announced plans to bring USDT to RGB, a protocol enabling private, scalable asset transfer on Bitcoin. With this launch, users can hold and transmit USDT alongside Bitcoin, promising greater flexibility in payments.
Tether is also exploring direct investments in the gold sector, with the company already holding $8.7 billion in gold reserves in Zurich. Brad Garlinghouse, CEO of Ripple, recently predicted that the StableCoin market could grow from $250 billion to $2 trillion, highlighting the sector’s rapid growth.
The wider stablecoin sector has reached new heights, with data from the payment platform Bridge showing that StableCoin transactions have recently exceeded $2.5 trillion. The overall supply of stablecoins has reached an all-time high in recent months, primarily driven by the growth of Tether’s USDT.
Between June 2024 and June 2025, Chainalysis reported that USDT alone processed over $1 trillion in monthly transactions, reaching $1.14 trillion in January 2025. During the same period, the competing token USDC ranged between $1.24 trillion and $3.29 trillion per month, while smaller tokens like EURC and Payusd recorded rapid growth.
Ethereum houses most of this activity, with the StableCoin supply rising to $165 billion in September, according to TOKEN Terminal. CryptoQuant data shows that central exchange reserves of stablecoins have reached a record $68 billion, with Binance holding $44.2 billion, of which $37.1 billion is in USDT and $7.1 billion in USDC, solidifying Binance’s role as a hub for global stable liquidity.
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