TechFlow news, September 12 — According to official announcements, Tether is launching USAT, a dollar-backed stablecoin planned for issuance under U.S. regulatory frameworks, and has appointed Bo Hines as the future CEO of Tether USAT.
USAT will strictly adhere to the U.S. GENIUS Act regulatory standards, backed by transparent reserves, aiming to provide enterprises and institutions with digital alternatives to cash and traditional payment systems. The stablecoin will leverage Tether's Hadron technology platform, with federally regulated crypto bank Anchorage Digital serving as the compliant issuer and Cantor Fitzgerald acting as the designated reserve custodian.
Tether CEO Paolo Ardoino stated that the launch of USAT is a natural step toward ensuring the U.S. dollar maintains its dominant position in the digital era. Bo Hines previously served as Executive Director of the White House Crypto Council and brings expertise in law, business, and policy.
