- Bo Hines, former head of the White House’s crypto advisory group, has been appointed CEO of Tether’s U.S. operations.
- Unlike Tether’s global USDT stablecoin, USAT is specifically structured to comply with U.S. regulations.
Tether is expanding into the U.S. with a new stablecoin, USAT, aimed at businesses and institutions. The company also named Bo Hines, former head of the White House’s crypto advisory group, as CEO of its U.S. operations.
According to CNBC report, USAT will operate under the GENIUS Act and be issued by Anchorage Digital, with Cantor Fitzgerald as reserve custodian and preferred primary dealer.
The token will use Tether’s Hadron tokenization platform. Unlike Tether’s global USDT stablecoin, USAT is specifically structured for the U.S. regulatory environment. Paolo Ardoino, Tether CEO, told CNBC that USAT is part of the company’s effort to “ensure that the dollar not only remains dominant in the digital age, but thrives.”
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Leadership And Charlotte Headquarters
Bo Hines will reportedly lead Tether’s U.S. business from Charlotte, North Carolina. Hines previously headed the Presidential Council of Advisors for Digital Assets, giving him experience in crypto policy and government relations.
USDT, created in 2014, has dominated global stablecoin markets despite regulatory scrutiny. Tether emphasizes that USDT supports the U.S. dollar worldwide and invests heavily in U.S. Treasury bonds.
Treasury Secretary Scott Bessent said at the White House Crypto Summit earlier this year, “We are going to keep the U.S. the dominant reserve currency in the world and we’re going to use stablecoins to do that.” Ardoino added that USAT will further support the dollar in digital markets.
Stablecoin market capitalization has grown roughly 34% this year, reflecting rising institutional adoption. With USAT, Tether aims to capture U.S. business interest while aligning with regulators, marking a major strategic expansion into the American market.
