Tether has introduced USA₮, a new US dollar-denominated stablecoin, targeting the US market. Issued by Anchorage Digital Bank, NA, USA₮ operates under the GENIUS Act federal stablecoin framework. The stablecoin is custodied by Cantor Fitzgerald and is available to US institutions and platforms, including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Tether clarified that while the globally circulating USD₮ will adhere to GENIUS Act requirements, USA₮ is specifically tailored for the US regulatory environment and issued through a federally regulated bank. The company also noted that USA₮ is not legal tender and lacks insurance from government agencies like the FDIC or SIPC.