Tether has announced the launch of a new U.S. dollar-pegged stablecoin, USA₮, and confirmed that former White House crypto adviser Bo Hines will lead the initiative as CEO of Tether USAT.
According to the company’s statement on Friday, the new stablecoin will adhere to the reserve and compliance standards outlined in the recently approved GENIUS stablecoin legislation. It will also integrate with Tether’s Hadron platform, which focuses on real-world asset tokenization.
The move comes as the stablecoin sector surpasses $270 billion in market capitalization, based on data from RWA.XYZ. Tether’s global CEO, Paolo Ardoino, emphasized the strategic importance of USA₮, stating:
“Tether is already one of the biggest holders of U.S. Treasuries, as we strongly believe in the long-term power of the dollar. USA₮ represents our commitment to ensuring the dollar’s continued dominance in the digital era.”
Stablecoins are increasingly viewed as a matter of geopolitical and economic strategy by the administration of U.S. President Donald Trump, while countries like China are also stepping up their focus on the sector.
Bo Hines re-enters private sector with Tether
Hines, who stepped down from the White House Crypto Council in August, now returns to the private sector through this new leadership role. His departure came shortly after the White House released its “Strengthening American Leadership in Digital Financial Technology” report, which highlighted stablecoins and payments as a central theme of U.S. crypto policy.
Back in March, U.S. Treasury Secretary Scott Bessent highlighted stablecoins as a tool to reinforce global dollar dominance by making it more accessible through digital infrastructure.
Most overcollateralized stablecoins purchase government-issued debt linked to their fiat reserves, a mechanism that indirectly provides governments with additional room to manage inflation by broadening currency distribution.
Meanwhile, Hong Kong’s new stablecoin rules have drawn interest from banks and institutions eager to create yuan-backed tokens, while in Russia, one of President Vladimir Putin’s advisers accused Washington of leveraging stablecoins to weaken U.S. debt.
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