Tether announced today that it will launch USA₮, a U.S.-regulated, dollar-backed stablecoin, and that Bo Hines will serve as the token’s future chief executive. The move aims to place a regulated digital dollar under U.S. law and start operations with strong oversight.
Tether says the token will follow the GENIUS Act rules. The plan uses Tether’s Hadron technology, Anchorage Digital as the compliant issuer, and Cantor Fitzgerald to hold reserves.
The company says this will let USA₮ reach businesses and institutions that want a regulated digital cash option.
Background and scale
Tether already issues USD₮, which the company calls the most used stablecoin in the world. The token’s market cap tops $169,000,000,000. Tether says USD₮ supports large daily transaction volumes that rival major payment and remittance firms.
The group reports it reaches roughly 500,000,000 users, especially in places where many people have little or no access to banks.
Financial position
Tether Group says it made more than $13,000,000,000 in profit in 2024 and expects similar results in 2025.
The company also reports large holdings of U.S. Treasuries, ranking it 18th among holders, ahead of some national governments.
Tether presents these figures as part of the case for having deep reserves and strong liquidity.
Regulatory framework and partners
USA₮ will be built to meet U.S. regulations under the GENIUS Act. Anchorage Digital will act as the issuer that follows those rules. Cantor Fitzgerald will serve as the reserve custodian and the preferred primary dealer.
Tether plans to run the token on its Hadron platform, which handles tokenisation of real-world assets and connects to its global distribution network.
Leadership and intent
Bo Hines is set to lead Tether USA₮ as he changes his role from advisory to CEO. He brings experience from government, business, and law, and previously served as Executive Director of the White House Crypto Council.
Tether says his hiring signals that the project will be run from the United States and guided by people who know the country’s regulatory priorities.
Company message
Paolo Ardoino, Tether’s CEO, framed USA₮ as a way to keep the dollar central to digital finance while raising standards for transparency and compliance.
He said Tether’s large Treasury holdings show the firm’s support for the dollar’s role in global markets. The company stresses that USA₮ will try to offer clear reserves, governance, and oversight from day one.
Recent questions and replies
Some commentators raised questions about Tether’s attestations for parts of 2025 and about asset moves. Tether’s leadership replied that the firm did not sell Bitcoin to buy gold, responding to those concerns.
The company presented this reply after public queries appeared about its attestation data for Q1 and Q2 of 2025.
What this could mean?
If USA₮ wins regulatory approval and gains trust, it could offer businesses a regulated digital dollar option inside U.S. rules.
That may change how institutions view stablecoins and how they use them for payments and market activity. Tether’s stated size and reach could help the token scale quickly if regulators and partners approve the setup.
Tether’s rollout of USA₮ and the naming of Bo Hines as CEO mark a clear push to put a regulated dollar-style stablecoin under U.S. oversight. The plan rests on new rules, a set of named partners, and the company’s claim of deep financial reserves.
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