Daily Headlines: Tether Launches "Made in USA" Stablecoin USAT, Gold Prices Surge, and the Uncertain Implications of the "Clarity Act" for Cryptocurrency, and more.

CoinNetwork · 2026-01-27T19:15:25+00:00

Tether launches regulated stablecoin USAT, marking its first issuance of a dollar-backed token. Meanwhile, gold prices surpass $5000, indicating distrust in fiat currencies and potentially boosting cryptocurrency values. Silver also reaches new highs, and spot Bitcoin ETFs face capital outflows. After funding, the crypto payment network Mesh's valuation rises, and Standard Chartered warns that the widespread adoption of stablecoins could impact US bank deposits.

CoinNetwork

2026-01-27 19:15:25

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Tether officially launches its stablecoin USAT, which is its first US token regulated by the US federal government and backed by USD, issued by Anchorage Digital Bank. Meanwhile, Bitwise Chief Investment Officer Matt Hougan stated that the gold price breaking through $5000 reflects institutional distrust in the fiat currency system, which could enhance the value proposition of cryptocurrencies. However, the reduced likelihood of the passage of the Clarity Act may push cryptocurrencies into a utility-driven phase. Additionally, silver prices broke through $115 per ounce, surpassing Bitcoin’s gains since 2017, while spot Bitcoin ETFs experienced outflows of $1.7 billion within five trading days. The crypto payment network Mesh, after a $75 million Series C funding led by Dragonfly, reached a valuation of $1 billion. Standard Chartered Bank warned that by 2028, the proliferation of stablecoins could lead to a reduction of $500 billion in US bank deposits.

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