Tether has launched USA₮, a federally regulated stablecoin designed for the U.S. market. Issued by Anchorage Digital Bank, USA₮ aims to meet new federal standards and provide a reliable digital dollar for American institutions. The stablecoin will be available on various exchanges starting in its initial launch phase.

Tether is set to launch a new stablecoin specifically for the US market, a move that follows recent regulatory support from former President Trump. This decision aims to cater to the growing demand for stable digital currencies while ensuring compliance with US regulations.

Tether is looking to raise between $15 billion and $20 billion through a private placement, aiming for a valuation of around $500 billion. The fundraising, confirmed by CEO Paolo Ardoino, will focus on expanding Tether's business lines, including stablecoins and artificial intelligence, while positioning the company alongside major players like OpenAI and SpaceX.