Tether Launches USAT Stablecoin with Regulatory Focus Under New CEO Bo Hines
Tether has unveiled USAT, a new stablecoin tailored for the U.S. market, marking its first major initiative under CEO-designate Bo Hines. The project aims to align with stringent regulatory frameworks, including the GENIUS Act, while partnering with federally chartered crypto bank Anchorage Digital for compliance.
The MOVE signals Tether's strategic pivot toward institutional legitimacy. "This isn’t just about keeping regulators off our backs," Hines stated, positioning USAT as a tool for American businesses seeking reliable digital dollar alternatives. The stablecoin will maintain full reserves—a deliberate contrast to algorithmic peers.
Tether's promotional materials frame USAT as "the digital dollar for creators, earners, and everyone left behind," suggesting ambitions beyond DeFi niches. The launch comes as U.S. policymakers intensify scrutiny of dollar-pegged tokens following recent stablecoin collapses.