Haciyev Reşit 
Tether, the world’s largest stablecoin company, has announced USAT, a new U.S. dollar–backed stablecoin designed to comply with U.S. regulations. The company also revealed that Bo Hines has been appointed as the CEO of Tether USAT.
A Regulatory-Compliant Digital Dollar
USAT is being launched with a transparent reserve structure, a U.S.-based governance model, and strict compliance standards. According to Tether, the new stablecoin is positioned as a digital cash alternative for businesses and institutions.
Key details include:
- Full compliance with the recently enacted GENIUS Act,
- Anchorage Digital handling issuance,
- Cantor Fitzgerald serving as the custodian of reserves,
- Hadron, Tether’s tokenization platform, powering the ecosystem.
Tether’s Market Leadership
Tether currently dominates the stablecoin market with USDT, which has a market cap exceeding $169 billion and serves nearly 500 million users worldwide, particularly in emerging markets as a digital dollar.
In 2024 alone, Tether reported over $13 billion in profits, underscoring its strong financial standing.
Tether CEO Paolo Ardoino commented on the launch:
“For over a decade, USDT has been the backbone of the digital economy. With USAT, we are bringing the same strength into a regulated framework under U.S. leadership. This move ensures not only the dollar’s survival in the digital age but also its expansion.”
New CEO Bo Hines Takes Charge
Bo Hines, formerly the Executive Director of the White House Crypto Council, will lead USAT. With his regulatory, business, and innovation expertise, Hines emphasized:
“By building a transparent and reliable dollar-backed stablecoin compliant with U.S. regulations, we will reinforce the dollar’s central role in the digital asset ecosystem.”
Can USAT Surpass USDT?
While USAT is seen as a complementary strategy to USDT’s global dominance, analysts suggest its regulatory compliance could make it particularly attractive to institutional investors, opening up a new growth market.
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