Cantor Fitzgerald reposted this
Tether’s launch of USA₮ is a historic step forward for the digital asset ecosystem in the U.S. Cantor Fitzgerald began working with Tether because we recognized early the power of stablecoins to reshape global payments. Over the years Cantor has been proud to serve as a custodian, advisor, investment banker, and friend to Paolo A. and the entire Tether.io team, including on industry-leading projects like Twenty One. In that time, stablecoins have successfully enabled hundreds of millions of people around the world to manage savings, make everyday purchases, and move money instantly across borders. With more than $180B in issued tokens, Tether is the mainstay of the global digital dollar, and if it were a country, Tether would be one of the largest holders of U.S. Treasuries. USAT is the next chapter: a GENIUS compliant, U.S. first stablecoin designed to bring the most proven digital dollar platform into the world’s most important financial market. At a time when global trade and remittances are increasing exponentially, the U.S. is the largest source of remittance flows globally. Today those flows are slow, expensive, and fragmented. The launch of USA₮ introduces a modern payment rail that enables faster settlement, lower costs, and global reach. Congratulations to Paolo, Benjamin Habbel and the entire Tether organization for today’s launch. Bo Hines and the USA₮ leadership for executing a U.S. first vision with conviction working in tandem with Nathan McCauley and Anchorage Digital. And the Cantor team for being deeply involved from the start and helping build the bridge for traditional finance and digital assets. USA₮ has been a long time coming. The leading crypto company entering the best market in the world, with real rails, real adoption, and real impact.