Overview

• Tether named Bo Hines, a former White House digital-assets adviser, as CEO of its U.S. business, with the new unit based in Charlotte, North Carolina.
• USAT will be issued by Anchorage Digital and backed with reserves custodied by Cantor Fitzgerald, and it will run on Tether’s Hadron tokenization platform.
• Paolo Ardoino said Tether is aiming to roll out USAT by December 2025, positioning it for domestic use while USDT continues to serve global markets.
• Tether describes USAT as designed for GENIUS Act compliance, including reserve standards and public disclosures required under the federal framework.
• Tether’s move follows years of scrutiny over reserves and oversight, even as USDT remains the largest stablecoin at roughly $169 billion in market value.