Tether has announced the launch of a new U.S. dollar stablecoin fully focused on the domestic U.S. market and appointed Bo Hines as the project’s CEO.
Tether, the issuer of USDT, the world’s largest stablecoin by market cap, introduced a new asset, the USAT stablecoin, designed specifically for the United States. The asset is set to become the first fully regulated U.S. dollar stablecoin in the country, backed by transparent reserves and managed under U.S. governance.
According to the press release, the stablecoin will be issued in compliance with the recently adopted GENIUS Act, which regulates the issuance of stablecoins in the U.S. Token issuance will be managed by Anchorage Digital, the first and only federally regulated crypto bank in the U.S., while Cantor Fitzgerald will oversee the custody of the reserves.
USAT will be launched as a U.S.-regulated stablecoin for businesses and institutional clients, providing companies and organizations with a digital alternative to cash and traditional payment systems. The asset will comply with strict regulatory standards and be backed by transparent reserves, setting a new benchmark for compliance and accessibility in the U.S. stablecoin industry.
USAT will leverage Hadron by Tether technology. The project aims to strengthen the role of the U.S. dollar in the digital era through transparency, resilience, and regulatory compliance.
Bo Hines, former Executive Director of the White House Crypto Council, was appointed as the future CEO of USAT. His expertise in U.S. politics and regulation underscores the strategic significance of Tether’s decision. The company expects Hines’ experience to enable the launch of a truly innovative product tailored to the American regulatory environment.
Previously, Max Krupyshev, CEO of CoinsPaid, referred to stablecoins as “the new universal payment method,” highlighting their potential as a tool to meet both business and consumer demand for accessible financial services.
Tether is actively diversifying its activities and expanding its scope. Recently, the company increased its investments in the gold mining industry, strengthening its reserves with gold-backed assets.
