Tether Unveils US-Regulated Dollar-Backed Stablecoin
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Tether, the entity behind the USDT stablecoin, has announced plans to launch a new US-regulated stablecoin for American businesses and institutions. The company has appointed Bo Hines, the former head of the White House Crypto Advisory Group, as the CEO of its US division. The announcement is Tether’s biggest push into the American market after years of operating overseas. Tether Introduces The USAT Stablecoin The new stablecoin, called USAT, will be designed to comply with recently enacted stablecoin laws, like the GENIUS Act. It will also give businesses and institutions a digital alternative to cash and traditional payment systems. USAT will use the real-world asset tokenization platform, Hadron, and will be issued by Anchorage Digital, a federally regulated crypto bank. Cantor Fitzgerald will be the stablecoin’s designated reserve custodian and preferred primary dealer. Tether CEO Paolo Ardoino stated,
“Today, with the introduction of USAT and Bo Hines’ appointment as future CEO of Tether USAT, we are taking the next natural step, bringing that same strength to the U.S. under a world-leading U.S.-regulatory framework.”
Ardoino believes USAT will help support the strength of the dollar by enabling more transparent, resilient, and accessible products. Bo Hines At The Helm USAT’s CEO-designate is Bo Hines, an entrepreneur and former Executive Director of the White House Crypto Council. Hines brings considerable expertise in legal, business, and policy matters. He also has experience in governance, law, and financial innovation. According to Hines, USAT will help strengthen America’s role in the global economy.
“By building USAT with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”
Tether had named Hines as a strategic advisor for digital assets and US strategy in August. It added that Hines will work…
Filed under: News - @ September 14, 2025 2:29 am