Tether announced the launch of USAT, a new dollar-backed stablecoin, with ex-Trump adviser Bo Hines appointed as CEO. The stablecoin aims to meet US regulatory standards and will utilize Tether’s Hadron platform, reflecting ongoing US and global interest in stablecoins as tools for maintaining dollar dominance and financial stability. Hines's return to the private sector coincides with increased regulatory focus on stablecoins worldwide.
Tether announced the launch of USA₮, a U.S.-regulated dollar-backed stablecoin, and appointed Bo Hines as CEO of Tether USA₮, emphasizing transparency, compliance, and American leadership in digital assets to strengthen U.S. dollar dominance.
Bo Hines, who led Trump's Council of Advisers on Digital Assets, announced his departure from the role to return to the private sector, after contributing to the administration's crypto policy initiatives including the creation of a crypto working group and supporting legislation on stablecoins.
