Tether launches USAT stablecoin, Bo Hines is appointed CEO of a new US branch
Source: CoinWorld
Time: 2025-09-12 23:25:17
Former Trump’s White House cryptocurrency committee executive director Bo Hines has been appointed CEO of Tether’s newly formed U.S. division, and he will lead the launch of the US-regulated, dollar-backed stablecoin USAT. The token is designed to complement Tether’s existing USDT, which has a circulation of up to $169 billion. Tether is currently the 18th largest U.S. Treasury bond holder and is expected to make $13 billion in 2024. The company has confirmed that it will not seek a listing.