1/ A comp on what we know so far about Tether's upcoming U.S.-regulated stablecoin USAT vs USDC:
- USDC:
- Fully reserved, U.S.-regulated stablecoin issued by Circle’s U.S. affiliates.
- Reserves primarily short-duration U.S. Treasuries and cash/cash-equivalents held with BNY Mellon via the SEC-registered Circle Reserve Fund managed by BlackRock.
- Daily disclosures.
- USAT:
- U.S.-based Tether stablecoin designed to comply with forthcoming U.S. rules from the GENIUS Act.
- Anchorage Digital Bank named for issuance/reserves/compliance.
- Launch targeted around year-end 2025.
- Bo Hines tapped to lead the U.S. unit.
- USAT is separate from Tether’s offshore USDT.
14.05K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.