Tether today officially launched USA₮, a US federally regulated and dollar-backed stablecoin. Developed under the federal stablecoin framework established by the GENIUS Act, the token is issued by Anchorage Digital Bank, the first federally regulated stablecoin issuer in the US. Bo Hines was appointed CEO of Tether USA₮. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer. USA₮ is designed specifically for the US market and digital payment infrastructure, with initial listings on platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USD₮ will continue to operate globally. Currently, the Tether Group is the 17th largest holder of US Treasury bonds globally.