Paolo Ardoino, executive director of Tether Limited Company, announced Friday that it will launch a new stable cryptocurrency for the US citizens, known as the USAT.
The announcement was made by Ardoino at a business event, reporting that former White House digital assets director Bo Hines will become the executive director of USAT. It will also be a company that operates directly from the United States.
As you can see on the USAT website, Stablecoin is supported by US dollars and attached to the national genius law guidelines. Regulate stable cryptocurrency emissions and negotiations.
USAT developers are committed to granting users the “power of dollars” through “assets fully supported for liquid reserves.” It also guarantees immediate and intermediary transactions. “It’s really yours,” they say.
The company will make it clear Tether Operation is not a USAT publisher, but will become an Anchorage Digital BankEstablished in 2017, the federally licensed American neo-Banco specializes in digital assets.
The arrival of the USAT came five months after a company led by Ardoino reported that Criptonotics would fire something exclusively for Americans, as reported by Cryptonotics at the time, to challenge USDC, the Circle Stablecoin.
(tagstotranslate) Cryptocurrencies
