Editor’s note: A new product is coming that will impact everything from Bitcoin to U.S. banking.
The way the financial system works could fundamentally change.
And what it means to you and your money goes beyond just looking for the next big winner.
Here’s Jurica Dujmovic with the full story …
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| By Jurica Dujmovic |
Tether is attempting something few crypto companies have ever dared.
The controversial-yet-dominant issuer of the world’s most traded stablecoin is set to launch a U.S.-regulated stablecoin.
The stablecoin, dubbed USAT, is Tether’s bid to win legitimacy in the world’s largest financial market.
Anchorage Digital Bank, the U.S.’ first federally chartered digital asset bank, and Cantor Fitzgerald are on board to help with this launch.
So is Bo Hines, a former White House crypto official.
USAT — which is expected to launch next month — is a U.S.-oriented stablecoin designed to comply fully with American law.
Unlike USDT — which remains an offshore instrument often criticized for opaque reserves — USAT is built to reassure regulators, banks and institutions.
It will be issued through Anchorage Digital Bank and overseen by Hines under the newly minted GENIUS Act, the U.S. framework for stablecoin issuers.
USAT will not offer yield to holders, which aligns it more closely with traditional currency products.
Tether CEO Paolo Ardoino has said the company intends for both USAT and USDT to adhere to GENIUS Act standards. But USAT will be the “clean” option for the American market.
The strategy underscores a growing split in global crypto finance: One stablecoin tailored for offshore liquidity and another for onshore, regulated use.
This dual track could allow Tether to expand its reach without abandoning the global dominance of USDT.
What Retail Investors Should Take Away
For traditional finance investors, the headlines about a U.S. stablecoin may feel remote.
But this move has real implications for everyone:
- Smoother market access: More capital means deeper liquidity and tighter spreads, which directly affect the cost of trades on exchanges. If USAT gains traction, it could also make fiat on-ramps easier for U.S. retail investors.
- Regulatory clarity: A U.S.-compliant stablecoin offers protection. If exchanges and brokers integrate USAT, retail investors will have a stablecoin option that banks and regulators recognize — potentially reducing the risk of sudden delistings or restrictions.
- More choice, more hedging: With Circle’s USDC, MakerDAO’s DAI and now USAT, investors will have multiple ways to park value. And the spread of stablecoin exposure could mitigate counterparty risk.
- Impact on crypto prices: As one of the largest buyers of U.S. Treasurys, Tether influences liquidity in both crypto and traditional markets. Expansion could drive further institutional adoption, while any stumble could shake confidence across the board.
For retail investors, Tether’s moves are largely positive — more liquidity, more legitimacy and more options.
But the firm’s sheer scale also concentrates risk. Diversifying stablecoin exposure is a prudent hedge.
Risks & Skepticism
Not everyone is convinced. And regulatory winds can shift quickly.
While the GENIUS Act provides a pathway today, political changes in Washington could alter the rules tomorrow.
And competition in the U.S. stablecoin market will be fierce — Circle’s USDC already enjoys strong institutional support.
Perhaps the biggest concern is systemic risk.
After all, suppose Tether loses its peg or faces a regulatory ban.
The impact would ripple through virtually every corner of the market.
The Bigger Picture
Stablecoins are no longer a niche crypto tool.
With over $150 billion in circulation across issuers, they function as the plumbing of digital finance — the bridge between fiat and blockchain.
Tether’s latest moves signal an industry entering its next phase:
Heavily capitalized … increasingly regulated … and edging closer to the traditional banking system it once sought to bypass.
For investors, that means stablecoins are becoming less about speculative innovation and more about systemic infrastructure.
Tether wants to be at the center of that evolution.
An ambition that, if realized, could cement its role as the Visa or Mastercard of the crypto economy.
For retail traders, the key is to watch how quickly USAT gains traction among U.S. exchanges and brokers.
If Tether succeeds, crypto could gain a more secure, regulated foundation — potentially accelerating adoption. If it stumbles, the shock could be severe.
Best,
Jurica Dujmovic
P.S. According to a brand-new presentation by my colleague Michael A. Robinson — a man who called Bitcoin at $300 — Tether isn’t the best way to play this landscape.
In fact, he just issued several reports on the companies at the heart of the $19 trillion crypto boom.
And the best part? You don’t need a crypto wallet to play them. They are regular stocks you can own inside your brokerage account.
