Tether Plans USAT Stablecoin Launch, Bo Hines to Lead US Unit

Tether has announced the launch of USAT, a U.S.-regulated, dollar-backed stablecoin designed specifically to comply with the recently enacted GENIUS Act, marking a strategic move to strengthen the U.S. dollar's role in digital markets. Bo Hines, former Executive Director of the White House Crypto Council and digital assets advisor to President Donald Trump, has been appointed as CEO of Tether USAT, underscoring the company's commitment to American leadership and regulatory compliance. USAT will be issued through Anchorage Digital, the first federally regulated crypto bank, with Cantor Fitzgerald serving as custodian and primary dealer, leveraging Tether's Hadron asset tokenization platform. The stablecoin targets institutional and business use within the U.S., complementing Tether's flagship USDT, which remains the largest stablecoin globally with a market cap of over $169 billion and daily usage by nearly 500 million people worldwide. The launch of USAT is positioned as a compliant alternative amid tightening regulations, aiming to secure a strong foothold in the U.S. market alongside competitors like Circle and Ripple. Tether's move reflects a broader trend toward regulated digital assets and demonstrates significant profits and scale, with the company ranking among the largest holders of U.S. Treasuries globally.