Tether USA₮ on Avalanche Targets Institutional Settlement Under US Federal Oversight
- —USA₮ is issued by Anchorage Digital Bank, the first federally chartered crypto bank in the US
- —Cantor Fitzgerald serves as primary dealer and reserve custodian
- —The token is live on Kraken, Crypto.com, Bybit, OKX and MoonPay
- —USDT accounts for roughly 65% of the stablecoin market valued above $200 billion
Why it matters: A regulated stablecoin on a public chain gives US banks and asset managers a compliant path to on-chain settlement.
Source: TronWeekly