Tether Aims to Expand USAT Stablecoin to 100 Million Americans by December
•Cryptocurrency
Tether Targets Massive Expansion of USAT Stablecoin
Tether, known for its USDT stablecoin, is set to expand the reach of its USAT stablecoin to 100 million Americans by December. This move marks a significant step into US-regulated digital assets.
Key Developments
- Partnership with Rumble: Tether has aligned with Rumble as a major partner to distribute USAT, enabling crypto tipping for its 51 million US users.
- Regulatory Compliance: USAT is fully compliant with the GENIUS Act and backed one-to-one with the US dollar. Anchorage Digital operates the stablecoin, with reserves managed by Cantor Fitzgerald.
- Leadership and Infrastructure: Tether has appointed Bo Hines as CEO to lead the USAT initiative and has established a US headquarters to support domestic growth.
During an event with Rumble CEO Chris Pavlovski, Tether CEO Paolo Ardoino highlighted the strategic role of Rumble, which received a $775 million investment from Tether last year, in distributing USAT through its upcoming crypto wallet. This expansion aligns with Tether's efforts to integrate more deeply into the US financial landscape.