Sweet gig if you can get it.
In an effort to solidify itself as the go-to company in the cryptocurrency space for stablecoins, Tether is tapping Bo Hines, the former Executive Director of Donald Trump’s White House Crypto Council to lead its operations in the United States, including efforts to launch a new stablecoin called USAT that will comply with new, Trump-backed regulations, according to CNBC.
Tether is best known for its USDT stablecoin, which is pegged to the US Dollar and has become the most commonly used token for exchanging cryptocurrencies. USAT will reportedly be its effort to launch a stablecoin that is fully compliant with the recently passed GENIUS Act, an industry-friendly law that regulates the operations of stablecoins.
It shouldn’t be hard for the company to remain in compliance with Hines at the helm of its US operations, given that he was reportedly instrumental in getting the bill across the finish line and signed into law.
