Tether launches USAT, a homegrown stablecoin, and appoints Bo Hines as CEO

According to ChainCatcher, according to official news, Tether officially launched USAT, a US dollar-backed stablecoin planned to be issued under the US regulatory framework and appointed Bo Hines as the future CEO of Tether USAT. USA₮ will strictly follow the regulatory standards of the GENIUS Act, backed by transparent reserves, aiming to provide businesses and institutions with digital alternatives to cash and traditional payment systems. The stablecoin will use Tether’s Hadron technology platform, with federally regulated crypto bank Anchorage Digital as the compliant issuer and Cantor Fitzgerald as the designated reserve custodian. Tether CEO Paolo Ardoino said the launch of the USAT is a natural step to ensure the dollar remains dominant in the digital age. Bo Hines served as executive director of the White House Crypto Committee, with legal, business and policy expertise.