rewrite this title Tether Launches USA₮ Stablecoin, Names Former Trump Crypto Adviser as CEO

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Tether has announced plans to launch a new U.S.-regulated
stablecoin called USA₮.
Alongside the token, the company named former White House crypto adviser Bo
Hines as the future Chief Executive Officer of Tether USA₮.

Tether plans to launch USA₮
as a regulated dollar-backed stablecoin in the United States. The company said
it will follow U.S. rules, be backed by reserves, and face oversight from the
start.

Role of USD₮
in Global Markets

Tether already issues USD₮,
the most widely used stablecoin globally. USD₮
has a market capitalization of more than $169 billion and records daily
transaction volumes that exceed some leading payment firms.

The token is widely
used in emerging markets, particularly among underbanked populations. Tether
estimates that nearly 500 million people use USD₮.

Thrilled to join @Tether_to! Huge thanks to @paoloardoino & the team for the warm welcome. Excited to help build an ecosystem of digital asset products that set the standard for compliance & innovation—empowering U.S. consumers and reshaping our financial system. The best is yet… https://t.co/DloARijWkh

— Bo Hines (@BoHines) August 19, 2025

Background of Hines

Hines has a background in law, business, and government. He
previously served as Executive Director of the White House Crypto Council and
has experience as an entrepreneur.

Compliance and Infrastructure for USA₮

The company stated that USA₮
will be developed in line with the recently enacted GENIUS Act, the new U.S.
law governing stablecoins. The token will be issued by Anchorage Digital, a
federally regulated crypto bank, ensuring compliance with the Act.

You may find it interesting at FinanceMagnates.com: Tourists
in Rio May Soon Pay with Crypto as Bybit and Tether Expand.

Cantor Fitzgerald will act as reserve custodian and serve as
primary dealer. The technology behind the new coin will be based on Hadron,
Tether’s
tokenization platform.

Financial Position and U.S. Treasuries

Tether Group has become one of the most profitable companies
in the sector. It reported earnings above $13 billion in 2024 and is expected
to post similar results in 2025. The firm is also a large holder of U.S.
Treasuries, ranking 18th globally, ahead of several developed economies.

This article was written by Tareq Sikder at www.financemagnates.com. and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



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