According to the source, Bloomberg reports that Tether plans to launch a USAT stablecoin on Rumble in a bid to capture U.S. market share. Source: Bloomberg.

According to @EleanorTerrett, Paolo Ardoino unveiled the new $USAT stablecoin at Tether’s U.S. launch event in New York City, naming Bo Hines as CEO, Anchorage (via Nathan McCauley) as issuer, and Cantor Chairman Brandon Lutnick to oversee the token’s reserves. Source: @EleanorTerrett on X. According to @EleanorTerrett, Ardoino said the goal is to launch $USAT by the end of the year, and Hines stated the new U.S. headquarters will be in Charlotte, North Carolina. Source: @EleanorTerrett on X.