Tether Announces USA₮, a New U.S.-Regulated Stablecoin,and Names Bo Hines as CEO-designate
NEW YORK – Tether,the leading stablecoin issuer,today unveiled plans for USA₮,a new dollar-backed stablecoin designed to operate within a fully U.S. regulatory framework. The company simultaneously announced the appointment of Bo Hines as CEO-Designate of Tether USA₮, signaling a important expansion of Tether’s stablecoin offerings.
USA₮ is purpose-built for the U.S. market and aims to reinforce the U.S. dollar’s strength in the global digital economy. According to Tether CEO Paolo Ardoino, “Tether is already one of the largest holders of U.S. Treasuries as 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.”
Hines expressed his enthusiasm for the role, stating, “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, openness, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”
The launch of USA₮ represents a key step in Tether’s strategy to deliver a transparent and resilient stablecoin option fully compliant with U.S. regulations. Anchorage Digital Bank, N.A. will serve as the issuer of USA₮.
Tether emphasizes that USA₮ will not be legal tender and will not be backed, approved, or guaranteed by the U.S. government, nor will it be subject to FDIC or SIPC insurance protections.
More data about USA₮ is available at https://usat.io/.
