- HTX lists Tether’s USAT for spot and margin trading.
- USAT is USD-pegged and federally compliant.
- Enhances trader options with USD-backed stability.
Huobi HTX has launched Tether’s new stablecoin USAT with spot and margin trading, emphasizing U.S. compliance and security. This USD-pegged token is issued by Anchorage Digital Bank, fully backed by U.S. Treasury bills.
Tether’s USAT launch offers traders a new USD-pegged stablecoin option, aligning with U.S. regulations and backed by government bonds.
Listing and Trading Options
Huobi HTX has launched the USAT stablecoin, adding it for spot and isolated margin trading. The exchange becomes one of the first to support this USD-pegged asset. Deposits opened recently, with withdrawals set for soon after.
Regulatory Compliance
Tether issues USAT, a federally compliant USD-pegged stablecoin, aligned with the GENIUS Act. Anchorage Digital Bank oversees the issuance, ensuring robust oversight and security.
Market Implications
The launch at HTX introduces new trading opportunities, potentially increasing market appeal. However, it may not immediately affect popular assets like ETH or BTC, focusing on USD-denominated transactions.
Market participants anticipate USAT’s entry could influence stablecoin dynamics, possibly attracting institutional interest due to its regulatory framework. However, actual impact remains speculative, lacking real-time data or broad adoption metrics.
USAT offers an American-made, dollar-backed, and federally compliant token. — Paolo Ardoino, CEO, Tether
Conclusion
This initiative reflects Support Resources for HTX Users and Traders that may assist USAT adopters with seamless integration and trading practices.
