Tether launches USA₮ stablecoin in US, names ex-White House crypto director as CEO

Tether has announced plans to launch a new U.S.-regulated stablecoin called USA₮. Alongside the token, the company named former White House crypto adviser Bo Hines as the future Chief Executive Officer of Tether USA₮.

USA₮ will comply with the recently enacted GENIUS Act, the first major U.S. law for stablecoin issuance.

The token will be issued by Anchorage Digital, the country’s only federally regulated crypto bank. Cantor Fitzgerald will act as reserve custodian and primary dealer.

The coin will also use Hadron, Tether’s platform for tokenizing real-world assets. Tether said the move will align innovation in stablecoins with U.S. financial rules and create a benchmark for compliance in the sector.

Paolo Ardoino, CEO of Tether, said the new project reflects the firm’s confidence in the dollar.

“Tether is already one of the largest holders of U.S. Treasuries because we believe deeply in the enduring power of the dollar,” he said. “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.”

Hines to lead U.S. operations

Bo Hines will serve as CEO of Tether USA₮ after its launch. He brings experience in business, law, and government.

Hines previously worked as Executive Director of the White House Crypto Council.

“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,” Hines said. “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.”

Tether said Hines’s appointment signals its intent to align USA₮ with American regulatory priorities. The company stressed that U.S.-based leadership was central to the decision.

Tether’s global reach and profits

The launch of USA₮ builds on the global success of USD₮, the most widely used stablecoin. USD₮ has a market capitalization above $169 billion. It records daily transactions that outpace some leading payment firms.

The token is particularly popular in emerging markets, where Tether estimates nearly 500 million people rely on USD₮. Ardoino said this reach proved that stablecoins could deliver trust, resilience, and financial freedom.

Tether has also become one of the most profitable companies in digital assets. It reported more than $13 billion in earnings in 2024 and expects similar results in 2025.

The firm is now the 18th largest holder of U.S. Treasuries, ahead of several developed economies.

With USA₮, Tether aims to give institutions and businesses a regulated alternative to cash and traditional rails.

The company framed the project as a “natural next step” to reinforce dollar strength in both domestic and global markets.