Tether CEO Paolo Ardoino announced the launch of USAT, a regulated dollar-backed token for the U.S. market, set to debut later this year. Anchorage Digital will issue the token, while Cantor Fitzgerald manages reserves, both taking equity in Tether's new U.S. entity. Former White House Crypto Council executive Bo Hines leads the division. Gemini shares surged 32% at Nasdaq debut, valuing the exchange at $4.4 billion, while Figure Technologies closed 24% above its IPO price.