Tether has launched USA₮, a U.S. stablecoin under the GENIUS Act. Standard Chartered warns stablecoins could take $100 billion from U.S. bank deposits. USA₮ aims to accelerate institutional adoption. Tether CEO Paolo Ardoino described USA₮ as a dollar-backed token for institutions. Standard Chartered reports stablecoins could reach $2 trillion market by 2028.

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