According to online reports, Tether CEO Paolo Ardoino said that the company plans to launch USAT, a U.S. dollar stablecoin that meets the regulatory requirements of the GENIUS Act, in December, and expand potential users to 100 million through deployment on Rumble and other platforms. USAT is issued by a joint venture between Tether and regulated crypto bank Anchorage Digital. Ardoino said it will continue to invest in content platforms and social media to promote creator economic payment applications and compete for market share with competitors such as PayPal. At the same time, the supply of Tether's flagship stablecoin USDT increased to US$182 billion, continuing to dominate the stablecoin market of approximately US$300 billion; the market value of XAUT backed by physical gold has exceeded US$2.2 billion this year, a more than threefold increase from the beginning of the year, mainly driven by retail demand.