Tether's US-focused stablecoin USAT surged 540% in supply during April, reaching 140M tokens. Why it matters: • Institutions are clearly positioning for upcoming US stablecoin regulation • USAT is built to comply with the GENIUS Act framework • This strengthens Tether's "dual strategy" : — USAT for regulated US markets — USDT for global/offshore dominance POV: The stablecoin race is entering a new phase. It's no longer just about crypto adoption — it's becoming a battle over regulated digital dollar infrastructure. And despite years of criticism, Tether is still finding ways to stay ahead of the market narrative.