Tether plans to launch the US compliant stablecoin USAT in December, aiming to reach 100 million American users.

[Tether plans to launch the US compliance stablecoin USAT in December, targeting 100 million US users] Tether CEO Paolo Ardoino stated that the company plans to launch the US dollar stablecoin USAT in December, which complies with the regulatory requirements of the GENIUS Act for the US market, and aims to expand its potential user base to 100 million through its presence on platforms like Rumble. USAT is issued by a joint venture between Tether and the regulated encryption bank Anchorage Digital. Ardoino mentioned that they will continue to invest in content platforms and social media to promote creator economy payment applications and compete for market share against rivals like PayPal. Meanwhile, the supply of Tether's flagship stablecoin USDT has increased to $182 billion, continuing to dominate the stablecoin market of approximately $300 billion; the market cap of physically gold-backed XAUT has surpassed $2.2 billion this year, more than tripling since the beginning of the year, primarily driven by retail demand.