Tether CEO launches new US-based stablecoin

Tether is known as the world's largest stablecoin issuer. Recently, Tether announced USA₮, a proposed U.S.-regulated, dollar-backed stablecoin, and appointed former White House aide Bo Hines to be its future CEO. This move makes a strong statement regarding Tether's priority of transparency, governance, and U.S. regulatory attention from the get-go.

USA₮ will be designed to qualify for the GENIUS Act, the new United States law for stablecoins.

This regulation provides a robust framework within which the token is launched, with supervision, transparent reserves and active work in the past 12 months to meet compliance requirements from day one. In doing so, Tether says it hopes to create USA₮ as a reliable digital dollar tailored for use in the US.Paolo Ardoino, chief executive officer of Tether Holdings Ltd.Getty Images

Custody and compliance partner

The token will be issued on Hadron by Tether, the company's next-generation tokenization platform for businesses and real-world assets, with Anchorage Digital Bank N.A., the premier U.S.-based digital asset bank, as well as its first single-source advanced custody and compliance platform to secure its hold in GENIUS Act-compliant issuing.

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Cantor Fitzgerald will also act as the designated reserve custodian and preferred primary dealer, increasing the integration of USA₮ within U.S.-based financial channels.

Tether execs vouch to strengthen America

Paolo Ardoino, the CEO of Tether, stressed that the launch is a logical extension of their mission. In its announcement, Ardoino vouched for its dedication to its continuing efforts in creating products that ensure "more transparent, more resilient, more accessible, and more unstoppable than ever before."

Incoming CEO of USA₮, Bo Hines, 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”.

He reiterated that the stablecoin will center its value proposition on compliance and transparency.

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Drawing from her experience as an entrepreneur and a corporate affairs professional, responsible for public policy in Washington, DC., Hines provides legal, policy, and market guidance to the USA₮ through its upcoming launch in the U.S.

Interestingly, just a month earlier, on Aug. 19, Tether appointed Bo Hines as strategic advisor.

This story was originally reported by TheStreet on Sep 12, 2025, where it first appeared in the Innovation section. Add TheStreet as a Preferred Source by clicking here.

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