Tether Unveils USAT Stablecoin as Ex-White House Adviser Named CEO

* Tether launches USAT, a U.S.-regulated, dollar-backed stablecoin. * Former Trump crypto adviser Bo Hines named CEO of Tether's new U.S. division. On September 12, 2025, Cointelegraph, The Block, and CoinGape reported that Tether revealed its new stablecoin, USAT. The asset is a U.S.-regulated stablecoin backed one-for-one by U.S. dollars and is designed to comply with the recently enacted "Guiding and Establishing National Innovation for U.S. Stablecoins Act" (GENIUS Act). In addition to this launch, Tether appointed Bo Hines, a former cryptocurrency adviser under the Trump administration, as CEO of its new U.S. division, Tether USAT. The GENIUS Act, which became law on July 18, 2025, establishes a comprehensive regulatory framework for stablecoins in the United States. The law requires all stablecoins, including USAT, to be fully backed by U.S. dollars or other approved low-risk reserves. To meet these requirements, Tether will issue USAT tokens through Anchorage Digital, a federally regulated crypto bank, while Cantor Fitzgerald will serve as the custodian for USAT reserves and act as the preferred primary dealer. Tether will manage the issuance using its proprietary Hadron platform. Tether CEO Paolo Ardoino underscored the strategic importance of USAT, framing it as a cornerstone of the company’s commitment to strengthening the U.S. dollar's global dominance in digital finance. Meanwhile, from his base in Charlotte, North Carolina, Bo Hines will lead USAT’s operations and aims to launch the stablecoin by the end of 2025. Tether sees this development as a way to bolster its credibility and offer a transparent, regulated product for U.S. businesses and financial institutions. As this new venture was announced, Tether’s flagship stablecoin, USDt (USDT), remained stable. According to CoinMarketCap data on September 12, USDT was trading at $1 as of 16:08 UTC, although its 24-hour trading volume showed a decline of 0.003%.