BREAKING: Tether Plans to Launch US Stablecoin, Market Rallies to Best Wallet Token
Summary
Tether plans to launch a U.S.-focused stablecoin called USAT to comply with the new GENIUS Act framework. Anchorage Digital Bank will issue the token and support regulatory compliance, while Bo Hines will lead the U.S. initiative. Tether also says it will stay private and will not pursue a public listing. The article also highlights growing competition in regulated stablecoins and uses Best Wallet’s presale as supporting context.
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