Quick Highlights
- Launch: USAT, a planned U.S.-regulated, dollar-backed stablecoin
- Leadership: Bo Hines appointed future CEO of Tether USA₮
- Compliance: Designed to align with the GENIUS Act
- Technology: Built on Hadron by Tether real-world-asset tokenization
- Partners: Anchorage Digital (GENIUS Act-compliant issuer) and Cantor Fitzgerald (designated reserve custodian, preferred primary dealer)
- Scale: Tether’s USDT exceeds $169B market cap and serves nearly 500M users, with daily volumes surpassing leading payments firms
- Financial Strength: Tether Group earned >$13B in 2024 and ranks 18th among U.S. Treasury holders
Tether, the largest company in the digital asset ecosystem, today announced USA₮, its planned U.S.-regulated, dollar-backed stablecoin, and the appointment of Bo Hines as Tether USA₮’s future Chief Executive Officer.
Introducing both the token and its incoming CEO underscores Tether’s commitment to transparent reserves, strong governance, and U.S. leadership from day one.
As the world’s most widely used stablecoin, USDT has become core infrastructure for the digital asset economy, with a market capitalization exceeding $169B and daily transactional volumes that outpace even top credit card and remittance providers.
Recognized as a digital dollar for emerging markets and developing economies, USDT now reaches nearly 500 million users, with a focus on underbanked and unbanked communities historically priced out by high legacy-finance fees.
Tether Group’s scale and performance reinforce this leadership. The company generated more than $13B in 2024 and remains on track for continued profitability in 2025. Tether is also among the largest holders of U.S. Treasuries, ranking 18th—above Germany, South Korea, and Australia—a position that underpins the global adoption of USDT.
USAT is being established as a U.S.-regulated stablecoin built to provide businesses and institutions with a digital alternative to cash and traditional payment rails. With transparent reserves and strict regulatory standards, USA₮ is designed to set a new benchmark for compliance and accessibility across the U.S. stablecoin market.
As part of that commitment, USA₮ will be designed to comply with the recently enacted GENIUS Act, the landmark U.S. framework for stablecoin issuance—bringing digital asset innovation in step with America’s leadership in financial regulation.
USAT will leverage Hadron by Tether, the company’s advanced real-world-asset tokenization platform. Anchorage Digital, the first and only federally regulated crypto bank, will serve as the GENIUS Act-compliant issuer.
Also see: Top Nigerian Banks Partner to launch New cNGN Stablecoin
Cantor Fitzgerald will act as the designated reserve custodian and preferred primary dealer. Combined with Tether Group’s global distribution network, these partnerships position USA₮ to launch fully regulated digital dollars.
The introduction of USAT and the appointment of Bo Hines as future CEO represent the next step in Tether’s mission: reinforcing U.S. dollar dominance in the digital era while upholding transparency, compliance, and financial resilience.
Bo Hines brings a distinctive blend of legal, business, and policy expertise to USA₮. An entrepreneur and former Executive Director of the White House Crypto Council, Hines has operated at the intersection of governance, law, and financial innovation—reflecting Tether’s intent to launch USA₮ under U.S.-based leadership aligned with American regulatory priorities.
“For over a decade, Tether – as the creator of the stablecoin industry – has issued USD₮, the backbone of the digital economy, and today the U.S dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. 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 strength to the U.S. under a world-leading U.S.-regulatory framework,”
said Paolo Ardoino, CEO of Tether.
“Tether is already one of the largest holders of U.S. Treasuries because we believe deeply in the enduring power of the dollar. USAT is our commitment to ensuring that the dollar not only remains dominant in the digital age, but thrives – through products that are more transparent, more resilient, more accessible, and more unstoppable than ever before.”
“I am honored to lead USA₮ as we prepare for its launch, creating a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy,”
said Bo Hines, CEO-Designate of Tether USA₮.
“By building USA₮ with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”
Why It Matters
Regulatory clarity: USAT is designed around the GENIUS Act, signaling a regulatory-first approach.
Institutional readiness: Infrastructure, partners, and governance target enterprise-grade requirements.
Dollar resilience: Aligns the U.S. dollar with the next phase of digital finance.
For more information on USA₮, visit: https://usat.io/
About Tether
Tether operates the world’s most widely adopted stablecoin technology, connecting traditional finance with digital asset markets through transparency, governance, and liquidity at scale. Its flagship token, USDT, serves hundreds of millions of users and businesses worldwide across multiple blockchain networks.
