Tether CEO: Plans to launch USAT, a US-compliant stablecoin, in December this year

ChainCatcher news, according to Coindesk, Tether CEO Paolo Ardoino stated in an interview that to comply with federal regulations, Tether plans to launch a US-focused stablecoin, USAT, in December.

The token will be issued by Tether America, a joint venture between Tether and the regulated U.S. cryptocurrency bank Anchorage Digital. Tether has invested in video-sharing platform Rumble, aiming to expand its user base to 100 million Americans. Tether's USDT supply has grown to $182 billion, dominating the stablecoin market, while the market size of Tether Gold has doubled this year.