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Tether Shakes Up Stablecoin Market, Unveils New U.S.-Based Rival ‘USAT’
Yahoo Finance· 2025-09-12 18:03
Tether, the company behind the world’s most widely used stablecoin, has announced plans to launch USA₮, a U.S.-regulated, dollar-backed token to strengthen the role of the U.S. dollar in digital markets. Alongside the unveiling, Tether named Bo Hines, the former Executive Director of the White House Crypto Council, as the incoming CEO of Tether USA₮. The move shows what Tether calls the “next chapter” in its strategy, combining compliance, transparency, and American leadership. USA₮ will be designed to ...