Catenaa, Monday, September 15, 2025-Tether has appointed Bo Hines, former executive director of the White House Crypto Council under President Donald Trump, as CEO of its newly created US arm.
The company also unveiled plans for a new US-regulated, dollar-backed stablecoin, USAT, aimed at complementing its flagship token USDT.
Tether said USAT will be issued by Anchorage Digital, with Cantor Fitzgerald also playing a role in the project. The token is expected to launch by the end of 2025, according to Hines.
The company emphasized that the creation of both the US unit and the new token reflects its intent to deliver a regulated dollar stablecoin with transparent reserves and American leadership.
The USAT team will be headquartered in Charlotte, North Carolina, Hines’ home state.
Tether Group CEO Paolo Ardoino confirmed the company is not pursuing a public listing, noting the focus will be on building adoption through direct access to users rather than exchanges. Ardoino also invited US financial institutions to work with the team.
Tether remains the world’s largest stablecoin issuer, with USDT circulation nearing $169 billion. It is also one of the largest holders of US Treasuries, ranking 18th globally. The company posted $13 billion in profits in 2024 and expects a similar outcome in 2025.
