Tether to Launch USAT, Appoints Bo Hines as CEO

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Cointime2025/09/12 15:33

By:Cointime

Tether is launching USAT, a dollar-backed stablecoin planned to be issued under the US regulatory framework, and has appointed Bo Hines as the future CEO of Tether USAT.

USAT will strictly adhere to the regulatory standards of the US "GENIUS Act", backed by transparent reserves, aiming to provide digital alternatives to cash and traditional payment systems for businesses and institutions. This stablecoin will utilize 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 stated that the launch of USAT is a natural step to ensure the dominance of the dollar in the digital age. Bo Hines previously served as the Executive Director of the White House Cryptocurrency Committee, with expertise in legal, business, and policy.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The article discusses the credibility crisis of fiat currencies and the potential of cryptocurrencies as an alternative store of value. It analyzes the impact of the U.S. debt problem on the credibility of the U.S. dollar and explores the transformative role of blockchain technology. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit•2025/09/12 16:16