Deep Dive 1/28/26

Bitcoin News Digest Podcast · Jan 28, 2026 · 14m

Executive Summary

The most consequential development yesterday was Tether’s launch of “USAT,” a United States-domiciled stablecoin engineered for full compliance with the GENIUS Act. This strategic move, executed via partnerships with federally chartered Anchorage Digital Bank and primary dealer Cantor Fitzgerald, creates a regulated, onshore liquidity rail for U.S. institutions, directly challenging Circle’s USDC and signaling the end of the unregulated stablecoin era in G7 jurisdictions.

At the same time, the market exhibited a strong “risk-off” posture. U.S. Spot Bitcoin ETFs reverted to…