Tether, the company behind the world’s largest stablecoin, plans to launch a new US-based digital dollar called USA₮, chief executive Paolo Ardoino announced on Friday.
The token is designed specifically for US residents and is expected to debut by the end of the year. Former White House official Bo Hines has been appointed as CEO of the new venture.
USA₮ will be issued in line with the recently passed GENIUS Act, the US regulatory framework for stablecoins. Tether said it has been working over the past 12 months to meet compliance requirements, including transparent reserves and regulatory supervision, to ensure the token qualifies from day one.
The stablecoin will be issued on Hadron, Tether’s new tokenization platform for businesses and real-world assets. It will use Anchorage Digital Bank N.A., a federally chartered digital asset bank, as its custody and compliance partner.
Meanwhile, Cantor Fitzgerald will serve as reserve custodian and preferred primary dealer, supporting integration of USA₮ into US financial channels.
The launch of USA₮, alongside the appointment of Hines as CEO, aims to mark the next step in Tether’s strategy to strengthen the US dollar’s role in digital finance while aiming to set high standards for transparency, compliance, and resilience.
Ardoino said: “Tether is already one of the largest holders of US Treasuries because we believe deeply in the enduring power of the dollar. USA₮ is our commitment to ensuring that the dollar not only remains dominant in the digital age, but thrives — through products that are more transparent, more resilient, more accessible, and more unstoppable than ever before.”
