Tether Launches Regulated USAT Stablecoin

Tether, the issuer of USDT, the leading stablecoin by market capitalization, has launched its new, federally regulated dollar-backed stablecoin, USAT.The new stablecoin is Tether’s second dollar-backed stablecoin and its seventh token, following USDT, EURT, MXNT, CNHT, AEDT, and XAUt.USDT remains DeFi’s dominant stablecoin, accounting for $186.5 billion, or 60%, of the $308 billion stablecoin market, while Tether's other assets account for a cumulative $2.675 billion, of which 99% is Tether Gold (XAUt).To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io