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Tether News: Unveils USAT Stablecoin for U.S., Appoints Bo Hines to Lead Division
Bo Hines, former White House digital assets advisor, leads Tether's U.S. business as it launches USAT, a regulated stablecoin for American institutions under the GENIUS Act.
- On Friday, Tether unveiled USAT, a new U.S.-regulated stablecoin, and appointed Bo Hines as CEO of its American division in New York City.
- The launch responds to the recently enacted GENIUS Act, which sets federal rules for stablecoin issuers and bars USDT's entry into the U.S. market.
- USAT targets U.S. businesses and institutions, will use Tether's Hadron technology, and have Anchorage Digital as issuer and Cantor Fitzgerald as reserve custodian.
- Tether CEO Paolo Ardoino said USAT shows commitment to the dollar's dominance in the digital age, while Bo Hines stated, "We want to dominate, but we want to do that in the U.S."
- This move marks Tether's strategic entry into the U.S. market, leveraging regulatory compliance and political connections to expand despite prior controversies surrounding USDT.
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Tether to Launch USAT, Its U.S. Venture, With Bo Hines as CEO
On Friday, at an event in New York, Tether unveiled its foray into the U.S. market with Tether USA₮, a new company dedicated to the USA₮ stablecoin. The company also announced the appointment of Bo Hines, who most recently served as executive director of the White House Crypto Council, as CEO. “Today, with the introduction of USA₮ and Bo Hines’s appointment as future CEO of Tether USA₮, we are taking the next natural step, bringing that same str…
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Total News Sources29
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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