Tether has introduced a new compliant stablecoin, USAT, designed to adhere to the GENIUS Act's regulatory requirements. This includes maintaining 100% cash and U.S. Treasury reserves, undergoing monthly audits, and ensuring KYC compliance. USAT is issued by Anchorage Bank and custodied by Cantor Fitzgerald. Meanwhile, Tether's existing USDT stablecoin will continue to operate offshore, backed by reserves including gold and Bitcoin. With this dual stablecoin strategy, Tether aims to maintain its presence in the global market while entering the U.S. regulated market, positioning itself to compete with other stablecoins like USDC.