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Tether Hires White House Crypto Aide Bo Hines to Lead U.S. Strategy

The hire connects Tether’s market plans to the Trump administration’s stablecoin agenda.

Former top White House crypto official Bo Hines is joining Tether.
Figurines with computers and smartphones are seen in front of Tether logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
Tether has appointed Bo Hines, former Executive Director of the White House Crypto Council under President Donald Trump, as Strategic Advisor for Digital Assets and US Strategy, according to a Tuesday press release. Hines will directly engage and coordinate Tether's US strategy and expansion as part of the Group's core team. During his tenure at the White House, he led initiatives to advance digital asset innovation, develop stablecoin issuer guidelines, and strengthen relationships between the government and the blockchain industry. "Bo's appointment demonstrates our commitment to building a strong US-based presence that spans across multiple sectors, starting with digital assets and expanding to new opportunities, including a deep focus on potential further investments in domestic infrastructure," said Paolo Ardoino, CEO of Tether. In his new role, Hines will work with Tether's leadership to shape the company's US market entry and develop relationships with policymakers and industry stakeholders. Tether Investments has already reinvested almost $5 billion in the US ecosystem. "During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion," said Bo Hines. "I'm thrilled to join Tether at such a pivotal moment, helping to deliver an ecosystem of products that will set the standard for stability, compliance, and innovation in the US market - one that will empower American consumers and help revolutionize our nation's financial system." Hines, a North Carolina native, holds an undergraduate degree from Yale University and a J.D. from Wake Forest University School of Law. He played collegiate football at NC State and Yale before transitioning to public service. This is a developing story.
Bo Hines

Overview

  • Tether named Bo Hines Strategic Advisor for Digital Assets and U.S. Strategy, tasking him with shaping and executing the company’s U.S. market entry and policymaker outreach.
  • Hines left the White House on Aug. 9 after serving as executive director of the President’s Council of Advisers on Digital Assets under President Donald Trump, and he was involved in shaping the stablecoin-focused GENIUS Act.
  • Tether says Hines will build relationships with U.S. policymakers and industry stakeholders and focus on domestic investments, with the firm citing nearly $5 billion reinvested in the U.S. ecosystem.
  • The company remains the largest stablecoin issuer, with USDT around $167 billion in market value, is headquartered in El Salvador, works with Cantor Fitzgerald as custodian, and has invested in U.S. firms including Rumble.
  • The appointment deepens Tether’s U.S. push as it faces scrutiny over a 2021 New York Attorney General settlement and a reported DOJ investigation, alongside increasing competition from Circle.