USDT-USD News & Events

Tether is planning fresh investments to support the December launch of its U.S.-focused stablecoin, USAT, with the goal of reaching 100M users, according to a CoinDesk interview with CEO Paolo Ardoino. The company plans to leverage its investment in Rumble (RUM) and its 51M users, and is targeting investments in two or three more social media or content platforms to reach its user goal. The report adds that Tether's flagship token, USDT (USDT-USD), has grown to a $182B supply, while Circle's (CRCL) USDC (USDC-USD) has a supply of $72B, and the company's gold-backed token, XAUT, has more than tripled in market size this year to $2.2B.

Rezolve Ai reacted to Tether's announcement of USAT, a U.S.-based stablecoin set to comply with the GENIUS Act. The announcement acts as a pivotal catalyst for Rezolve's strategy with Tether to embed crypto/wallet payments into its Brain Checkout platform. Rezolve has been advancing its wallet strategy globally; the launch of USAT provides US regulatory clarity that enables the Company to accelerate its expansion into the American market. "The announcement of USAT under the GENIUS Act validates exactly what we set out to do with Tether by bringing regulated, frictionless crypto payments into mainstream commerce," said Daniel Wagner, CEO. "By combining AI-driven discovery with next-generation payments, we believe that Rezolve is positioned to transform how consumers shop and how merchants get paid."