Tether today has announced USA₮ and named a new CEO to lead U.S expansion.
Takeaway Points
- Tether has launched USA₮ and named a new CEO to lead U.S. expansion.
- USA₮ will be a U.S.-regulated dollar-backed stablecoin that Tether, the global leader in stablecoin technology, is working to launch.
- The USA₮ aims to serve the U.S. market and support American regulatory standards, and will be designed to comply with the recently enacted GENIUS Act.
Tether USA₮
Tether, the largest company in the digital asset ecosystem, today announced USA₮, its planned U.S.-regulated, dollar-backed stablecoin, along with the appointment of Bo Hines as Tether USA₮’s future Chief Executive Officer.
According to the company, the announcement of USA₮ and appointment of Bo as future CEO show the next step in Tether’s mission: reinforcing U.S. dollar dominance in the digital era while delivering the highest standards of transparency, compliance, and financial resilience.
Paolo Ardoino, CEO of Tether, said, “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.”
“Tether is already one of the largest holders of U.S. Treasuries because we believe deeply in the enduring power of the dollar. USA₮ 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,” he added.
Bo Hines, CEO-Designate of Tether USA₮ while commenting about his appointment, said, “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. 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.”
Bo Hines history
Tether said that Bo Hines brings a distinctive blend of legal, business, and policy expertise to his role as CEO of USA₮. As both an entrepreneur and the former Executive Director of the White House Crypto Council, he has operated at the nexus of governance, law, and financial innovation. His appointment underscores Tether’s commitment to launching USA₮ under U.S.-based leadership with a clear understanding of American regulatory priorities.
About the USA₮
The company said that the USA₮ will be a U.S.-regulated dollar-backed stablecoin that Tether, the global leader in stablecoin technology, is working to launch. It aims to serve the U.S. market and support American regulatory standards.
USDT will be the primary line for the next generation of American commerce, trade, and finance, Tether said.
USA₮ Regulatory
According to the report, USA₮ will be created to provide businesses and institutions with a digital alternative to cash and traditional payment rails.
The USA₮ will be designed to comply with the recently enacted GENIUS Act, the landmark U.S. legislation governing stablecoin issuance, the company added.
