Tether introduced USAT, a U.S.-focused stablecoin issued by Anchorage Digital Bank, separate from its global USDT token. This move illustrates how stablecoin companies may comply with the upcoming GENIUS Act by partnering with federally chartered banks rather than issuing tokens directly. Bo Hines, former White House digital asset policy director, now leads Tether USA₮, emphasizing the importance of experienced U.S. leadership. However, USAT is not yet officially approved under the GENIUS Act, as regulatory processes are still pending. Investors should note that USAT holders may not redeem tokens directly with Anchorage unless they are approved clients, highlighting secondary market reliance.
The story on stablecoins after the GENIUS Act offers context for readers following digital assets. For readers following digital assets, here is Pluang's market snapshot as of Oct 28, 2026 12:02 WIB: Of 50 major cryptocurrencies priced on Pluang, 45 rose and 4 fell today. Notable movers include SUSHI (SushiSwap) at Rp3.764 with a 1-day change of +4.02% and Pluang order activity showing 100% Sell, LINK (Chainlink) at Rp213.619 with a 1-day change of +3.88% and order activity 51% Sell / 49% Buy, and AXS (Axie Infinity) at Rp17.723 with a 1-day change of +3.52%.
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