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The issuer of Tether has officially declared its entry into the U.S. market by launching USAT, a stablecoin pegged to the U.S. dollar that adheres to regulatory standards and is specifically designed for the American market. This strategic maneuver is anticipated to disrupt the stablecoin landscape, exerting competitive pressure on rivals like Circle. Additionally, it could serve as a litmus test for balancing privacy safeguards with regulatory obligations. USAT will be issued by Anchorage Digital Bank, with Cantor Fitzgerald managing its reserve assets. The stablecoin is slated for launch before the year's end. This initiative is perceived as a pivotal tactic for Tether to bolster its reputation and traction within the U.S. market, while also signaling a broader systemic shift towards stablecoins evolving into 'ubiquitous everyday currencies'.
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