Tether Launches USAT Stablecoin, Appoints Bo Hines as U.S. Division Head

Tether introduced a new U.S.-regulated, dollar-backed token called USAT.
Bo Hines was appointed as the head of Tether's American division.
Anchorage Digital will issue the token, and Cantor Fitzgerald will manage the reserves.
The token aims to comply with the GENIUS Act, setting federal rules for stablecoin issuers.
USAT is targeted at U.S. businesses and institutions, emphasizing compliance and transparency.
Tether's existing USDT stablecoin is a $169 billion asset popular in emerging markets.
USAT will debut later this year, according to Tether CEO Paolo Ardoino.