Tether launches USAT, a domestic stablecoin in the United States, and appoints Bo Hines as CEO

ChainCatcher news, according to official sources, Tether has officially launched USAT, a dollar-backed stablecoin planned to be issued under the U.S. regulatory framework, and appointed Bo Hines as the future CEO of Tether USAT.

USA₮ will strictly adhere to the regulatory standards of the U.S. GENIUS Act, supported by transparent reserves, aimed at providing a digital alternative 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 serving 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 Crypto Council, possessing expertise in law, business, and policy.