TETHER LAUNCHES USA₮: FEDERALLY REGULATED US DOLLAR STABLECOIN

Summary from the TLDR Crypto newsletter

Tether's USA₮ is a US-focused, dollar-backed stablecoin issued by Anchorage Digital Bank, NA. It is designed to operate within the GENIUS Act's federal stablecoin framework with Cantor Fitzgerald as reserve custodian. Initial distribution will be on Bybit, Crypto.com, Kraken, OKX, and Moonpay. The stablecoin is a bank-grade, institution-oriented digital dollar that sits alongside Tether's global USD₮.