Tether plans to expand USAT stablecoin reach to 100M Americans by December: CoinDesk
Key Takeaways
- Tether is positioning Rumble as a major distribution partner for its USAT stablecoin launch.
- The Rumble integration will allow Bitcoin and crypto tipping, expanding access to 51 million US users.
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Tether, the issuer of USDT, plans to expand its USAT stablecoin reach to 100 million Americans by December as it moves into US-regulated digital assets.
USAT is a fully compliant stablecoin under the GENIUS Act, backed one-to-one with the US dollar and operated via Anchorage Digital, with reserves managed by Cantor Fitzgerald.
At an event earlier today with Rumble CEO Chris Pavlovski, Tether CEO Paolo Ardoino announced that Rumble will enable tipping in Bitcoin and other crypto assets. Ardoino said Rumble, which Tether invested $775 million into last year, will play a key role in distributing USAT through its upcoming crypto wallet and 51 million monthly US users.
Tether also appointed Bo Hines as CEO to lead the USAT initiative and opened a US headquarters to drive domestic growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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