Tether-branded USAT offers direct dollar redemption only to Anchorage customers
- —Anchorage is the sole issuer of USAT; Tether bears no issuance or redemption obligations
- —Direct 1:1 dollar redemption is limited to Anchorage Digital Bank customers
- —OCC said GENIUS Act implementing rules take effect on January 18, 2027
- —OCC materials show no GENIUS Act issuer approval for USAT
Why it matters: USAT holders should confirm whether they are Anchorage customers, since without that status they have no direct redemption right.
Source: TokenPost