The introduction of USA₮ and appointment of Bo Hines marks Tether’s next chapter in strengthening U.S. dollar dominance through transparency and innovation

12 September 2025 – Tether, the largest company in the digital asset ecosystem, today unveiled USA₮, its planned U.S.-regulated, dollar-backed stablecoin, along with the announcement and appointment of Bo Hines as Tether USA₮’s future Chief Executive Officer. The simultaneous introduction of both the token and CEO reflects Tether’s commitment to delivering a U.S.-regulated dollar-backed stablecoin backed by transparent reserves, strong governance, and American leadership from day one.

As the most widely used stablecoin in the world, Tether’s USD₮ token has become the infrastructure powering the digital asset economy, with a market capitalization exceeding $169B and daily transactional volumes that outpace even the traditional behemoths of the payments sector like the top credit card and remittances companies. Moreover, USD₮ has grown to be globally known as the digital dollar for emerging markets and developing countries, reaching nearly 500 million users as of today, with a deep focus on the underbanked, unbanked, and underserved – the communities left behind by the traditional financial sector for being too poor to pay the high fees imposed by those institutions.

Tether Group has also made the news for its high profitability, reaching more than $13B in 2024, and is on track to be similarly positive in 2025. The Group is also among the largest holders of U.S. Treasuries, ranked 18th, ahead of Germany, South Korea, and Australia. This unmatched scale has made USD₮ the most widely adopted stablecoin globally. 

USA₮ will be established as a U.S.-regulated stablecoin, designed to provide businesses and institutions with a digital alternative to cash and traditional payment rails. Governed by strict regulatory standards and backed by transparent reserves, USA₮ will set a new benchmark for compliance and accessibility for the U.S. stablecoin industry.

USA₮ will be designed to comply with the recently enacted GENIUS Act, the landmark U.S. legislation governing stablecoin issuance, marking a major step toward aligning digital asset innovation with the country’s established leadership in financial regulation.

USA₮ will leverage the Hadron by Tether technology, the most advanced real-world-assets tokenization platform. Anchorage Digital, the first and only federally regulated crypto bank, will be the GENIUS Act-compliant issuer. Together, they offer a solution for Tether USA₮ to launch fully regulated digital dollars. The new token will tap into the unmatched global distribution network of Tether Group. Cantor Fitzgerald will act as the designated reserve custodian and serve as preferred primary dealer.

The announcement of USA₮ and Bo Hines’s appointment as future CEO represents the natural next step in Tether’s mission: reinforcing U.S. dollar dominance in the digital era while delivering the highest standards of transparency, compliance, and financial resilience.

Bo Hines brings a distinctive blend of legal, business, and policy expertise to his role as CEO of USA₮. As both an entrepreneur and the former Executive Director of the White House Crypto Council, he has operated at the nexus of governance, law, and financial innovation. His appointment underscores Tether’s commitment to launching USA₮ under U.S.-based leadership with a clear understanding of American regulatory priorities.

“For over a decade, Tether – as the creator of the stablecoin industry – has issued USD₮, the backbone of the digital economy, and today the U.S dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. Today, with the introduction of USA₮ and Bo Hines’s appointment as future CEO of Tether USA₮, we are taking the next natural step, bringing that same strength to the U.S. under a world-leading U.S.-regulatory framework,” said Paolo Ardoino, CEO of Tether. “Tether is already one of the largest holders of U.S. Treasuries because we believe deeply in the enduring power of the dollar. USA₮ is our commitment to ensuring that the dollar not only remains dominant in the digital age, but thrives – through products that are more transparent, more resilient, more accessible, and more unstoppable than ever before.”

“I am honored to lead USA₮ as we prepare for its launch, creating a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy,” said Bo Hines, CEO-Designate of Tether USA₮. “By building USA₮ with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”

The introduction of USA₮ alongside Bo Hines’s appointment as future CEO of Tether USA₮ marks a pivotal step in Tether’s strategy to expand its stablecoin offerings and deliver a U.S.-regulated, transparent, and resilient dollar-backed stablecoin that reinforces U.S. dollar strength in the global economy.

For more information on USA₮, visit: https://usat.io/

About USA₮

USA₮ will be a U.S.-regulated dollar-backed stablecoin that Tether, the global leader in stablecoin technology, is working to launch. Purpose-built to serve the U.S. market and support American regulatory standards, USA₮ will be the foundational rail for the next generation of American commerce, trade, and finance.

USA₮ underscores Tether’s commitment to driving U.S. dominance and leadership in the evolving digital asset economy. As part of the broader Tether ecosystem, USA₮ will set a new benchmark in the U.S. for utility-driven stablecoins designed to deliver long-term value, strong governance, and real-world applications.

Forward-Looking Statements
Certain statements in this press release may be forward-looking in nature. The words “will”, “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends, and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied in the forward-looking statements. None of Tether nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Important Note:

USA₮ will not be legal tender (as described in section 5103 of title 31, United States Code) and will not be issued, backed, approved, or guaranteed by the U.S. government. USA₮ will not be subject to the insurance protections of the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency.

The issuer of USA₮ will be Anchorage Digital Bank, N.A.