Tether, the issuer of the world’s largest stablecoin USDT, is preparing to resume business in the United States following the recent enactment of the federal Genius Act, which creates a licensing framework for asset-backed tokens. Chief Executive Officer Paolo Ardoino told Bloomberg Television the company’s U.S. market strategy is “well under way” and will be announced within the next two months. The plan focuses on an institutional-grade dollar-backed coin designed for payments and interbank settlement, he added. In a separate move, Anchorage Digital—currently the only federally chartered crypto bank—said it is launching a stablecoin issuance platform and partnering with Ethena Labs to issue USDtb, which it expects to be the first token fully compliant with the Genius Act. The announcements constitute the first wave of industry activity since President Donald Trump signed the legislation last week. Tether, whose USDT is used by an estimated 500 million users globally, has faced persistent calls for a full audit of its reserves; Ardoino said securing a Big Four review remains a top priority as the company prepares to compete with banks and domestic stablecoin issuers under the new rules.