Hey, it’s Marc & 51 team,

For a decade, Tether (USD₮) was the “offshore casino chip,” massive, liquid, but operating in the regulatory shadows. Wall Street ignored it; regulators hunted it.

But on January 27, 2026, Tether launched USA₮, a federally chartered stablecoin backed 1:1 by short-term Treasuries, held at Anchorage Digital Bank, and custody by Cantor Fitzgerald.

The Fed didn’t lose control. It delegated it. Now $186.2B in private-sector dollars can settle 24/7 across blockchains without touching the Federal Reserve’s ledger.

The collateral hierarchy just got disrupted by the very person who would have fought it hardest: a regulator.

👉PRO: Download the PDF

🚨 Want more intelligence? Work with the 51 Intel team to embed continuous, high-signal market intelligence into your organization.

Work with us

What happened

Tether launched USA₮ on January 27, 2026, as the first federally compliant stablecoin issued through a nationally chartered bank. The token operates on Tether’s Hadron platform and is backed by 1:1 reserves in U.S. currency, demand deposits, or short-term Treasuries, exactly as mandated by the GENIUS Act (enacted July 18, 2025).