Tether Launches USAT Stablecoin, Appoints Former White House Adviser as CEO

Highlights:

• Tether unveils the USAT stablecoin, which is designed to comply with US regulations. 
• Former White House adviser Bo Hines becomes CEO of Tether USAT. 
• Anchorage Digital will issue the token, while Cantor Fitzgerald will be responsible for reserves and custody. 

The company behind the largest stablecoin in the world, Tether, has unveiled a new token named USAT stablecoin. The dollar-backed digital asset will be subject to U.S. regulation, marking the firm’s next big step. Along with the announcement, Tether appointed former White House crypto adviser Bo Hines as the CEO of its American division. 

Tether Enters US Market with USAT Stablecoin

Tether already operates with USDT, the most traded stablecoin in the world, with a circulation of more than $169 billion. It has become a crucial tool for international payments, especially across developing economies. With the arrival of the USAT stablecoin, Tether now aims to bring its worldwide influence of its stablecoin into the newly regulated American financial landscape. 

Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮
Follow @USAT_io 🇺🇸https://t.co/w0JxBvttwv

— Tether (@Tether_to) September 12, 2025

The GENIUS Act puts federal regulators in charge of regulating stablecoin providers. Under the framework, Anchorage Digital will be the official issuer of USAT, while Cantor Fitzgerald will have custody of reserves and will act as the primary dealer. Hadron will be the basis of the new token, a powerful tokenization platform of the real world created by Tether. The location of the USAT team will be Charlotte, North Carolina, which is the home state of CEO Bo Hines, and the focus on U.S. leadership by Tether. 

Leadership and Vision for the Market’s Future

Bo Hines, who joined Tether in August, was formerly Executive Director of the White House Crypto Council. He also advised the Digital Asset Working Group, which worked on federal crypto policy. His experience with legislation and policy puts him in a good position for overseeing Tether’s expansion in the U.S. 

Hines said:

“I am honored to lead USAT as we prepare for its launch. By creating a compliant, transparent, and innovative USAT, we are securing the dollar as the basis of trust in the digital asset space.” 

Tether CEO Paolo Ardoino described the broader purpose of the project. He stated:

“Tether is already one of the largest holders of U.S. Treasuries because we believe so deeply in the enduring power of the dollar. USAT is our commitment to making sure the dollar not only remains dominant in the digital age, but it thrives.” 

Tether’s profitability adds weight to its expansion strategy. The group was reported to have generated over $13 billion in profit during 2024 and expects similar performance during 2025. The strong balance sheet is helping both to provide support for new initiatives and to underpin investor confidence. 

Technology, Partnerships, and New Investment Interests

The USAT Stablecoin will use Hadron technology to tokenize reserves under strict US compliance. Anchorage Digital is responsible for regulated issuance, while Cantor Fitzgerald handles the reserve form via US Treasury holdings. Together, these partnerships offer a strong underpinning for the new token. 

The company is also still considering further broadening its investment strategies. Recently, Tether announced its intentions to venture into gold. This move comes after a year that saw gold go up 37% compared to Bitcoin by 22% in the same time frame. The move underscores the move by Tether to diversify portfolios while drawing closer ties to both the traditional and digital markets. USAT will launch by the end of the year, and 

Stablecoin group Tether holds talks to invest in gold miners https://t.co/UEKenhtsXE

— Financial Times (@FT) September 5, 2025

Tether is welcoming collaboration from U.S. financial institutions. Ardoino further said that minimization of intermediaries will also be a key objective, ensuring users have direct access to digital dollars.