The former White House crypto adviser, who joined Tether in April, will become CEO of its planned “US-regulated, dollar-backed stablecoin.”
Tether announced a new dollar-backed stablecoin and said former White House crypto adviser Bo Hines will become CEO of Tether USAT.
The new stablecoin will be consistent with the reserve requirements and compliance standards of the recently passed GENIUS stablecoin bill, and will use Tether’s Hadron real-world asset tokenization platform, according to a Friday announcement.
Stablecoins recently crossed the $270 billion milestone, according to RWA.XYZ. Tether CEO Paolo Ardoino said:
