Bo Hines Reveals Tether’s Stablecoins Will Comply With GENIUS Act Regulations
Tether's making moves that could reshape crypto regulation—and Washington's taking notice.
POLITICAL CRYPTO CONVERGENCE
Bo Hines drops the bombshell that Tether plans full alignment with the GENIUS Act framework. The stablecoin giant's preparing for regulatory scrutiny that's been looming since the legislation's proposal.
STABLECOINS MEET MAIN STREET
Tether's compliance shift signals a maturation phase for digital assets. They're not fighting regulation anymore—they're building bridges. The move could legitimize stablecoins for institutional adoption while maintaining their decentralized roots.
THE WASHINGTON-WALL STREET TANGO
Watch how traditional finance players react when crypto starts playing by their rules—suddenly those 'risky digital assets' don't seem so threatening when they're following the same compliance paperwork as every other financial instrument.
Because nothing says 'financial revolution' like filling out government forms—but hey, at least they're using blockchain to do it.
USDT to Comply with GENIUS Act
Bo Hines, Tether’s US Operations Lead, confirmed the MOVE during a press conference held Tuesday at the Korea Blockchain Week (KBW2025) in Seoul.
“I believe that both USDT and USAT will meet the same compliance standards outlined in the GENIUS Act,” Hines said at the conference.
BeInCrypto was present at the event, where Hines suggested that compliance with the GENIUS Act positions Tether to work more closely with US financial institutions and regulators going forward.
Tether recently launched a new stablecoin brand, USAT, separate from its well-known USDT. The company stated that it launched USAT in response to the US government’s enactment of the GENIUS Act. This is a comprehensive stablecoin regulation.
Following the launch, Tether appointed Hines, a former Executive Director of the WHITE House’s Digital Asset Advisory Committee, to lead its US operations.
This has led to speculation that USAT is intended for US use, while USDT will remain for the rest of the world. USDT has previously faced regulatory challenges in various countries. For instance, it was effectively expelled from Europe after the MiCA law took effect.
However, Tether rejects this speculation. Hines predicted that USDT will also comply with the GENIUS Act, citing the law’s reciprocity clause. He stated, “We expect the US to apply reciprocity to Tether International.”
Article 18 of the GENIUS Act includes a reciprocity clause, which allows stablecoin issuers from countries with regulatory frameworks similar to the US to distribute stablecoins within the United States.
Hines also urged other countries, including South Korea, to adopt the US regulatory model. “I want to advise other regulatory frameworks, including Korea, to follow what the US has laid out,” he said. “We are very proud of what we have built… this is a clear and strong framework that we are continuing to innovate with through various technological endeavors,” Hines added.