The new token was designed to meet the U.S. stablecoin issuance standard, with Anchorage Digital and Cantor Fitzgerald supporting issuance and reserve management.
Tether, the company behind the world’s most popular stablecoin, USDT, unveiled a U.S.-regulated, dollar-backed token called USAT and appointed Bo Hines as head of its American division.
Anchorage Digital, a federally regulated crypto bank, will serve... [1989 chars]