Tether Launches USA₮ Stablecoin Amid Regulatory Shifts, Appoints Former Trump Advisor as CEO
Tether, the issuer of the world's largest stablecoin USDT, is navigating regulatory challenges with strategic pivots. The company unveiled USA₮, a new dollar-pegged stablecoin to be led by Bo Hines—a former cryptocurrency advisor to Donald Trump who recently transitioned to private sector roles. This move aligns with upcoming MiCA regulations in Europe and aims to preempt U.S. regulatory scrutiny.
The firm's CEO Paolo Ardoino emphasized Tether's confidence in the dollar's dominance, noting its substantial holdings of U.S. Treasury securities. USA₮ may eventually replace USDT in certain jurisdictions as part of Tether's broader compliance strategy. The development follows recent tensions involving GENIUS, though specifics remain undisclosed.