TLDR
- Tether plans to launch USAT, a new US-based stablecoin for American residents by end of 2025
- Former White House crypto adviser Bo Hines will serve as CEO of the new venture
- USAT will comply with the recently enacted GENIUS Act governing stablecoins
- Anchorage Digital Bank will issue the new stablecoin under its national trust charter
- The move represents Tether’s push to expand its presence in the US market under Trump’s pro-crypto administration
Tether, the company behind the world’s largest stablecoin, revealed plans to launch a new US-focused digital currency called USAT. The announcement came during a press conference in New York on Friday, September 12, 2025.
Former White House official Bo Hines will lead the new venture as CEO. Hines previously served as a crypto adviser in the Trump administration before joining Tether as a strategic advisor in August 2025.
The new stablecoin targets US residents specifically and aims to launch before the end of 2025. USAT will be dollar-backed and designed to meet American regulatory standards.
Tether CEO Paolo Ardoino emphasized the company’s commitment to the US market during the announcement. The El Salvador-based firm wants to strengthen its presence in America under President Trump’s crypto-friendly policies.
“We want people to know that Tether is here to participate in the U.S. economy in a huge way,” Hines stated. He predicted major expansion over the next 12 to 24 months.
The stablecoin market recently crossed $270 billion in total value. Tether’s existing USDT token remains available on US crypto exchanges despite being issued by a foreign entity.
Regulatory Compliance Focus
USAT will comply with the recently passed GENIUS Act, which sets new rules for stablecoin operations. The legislation provides a framework for both domestic and foreign stablecoin issuers in the United States.
Tether’s existing USDT token will continue operating under the foreign stablecoin provisions of the GENIUS Act. Ardoino confirmed that both tokens can coexist under the new regulatory framework.
Anchorage Digital Bank will handle the issuance of USAT tokens. The bank holds a national trust charter from the US Office of the Comptroller of the Currency.
The new stablecoin will use Tether’s Hadron platform for real-world asset tokenization. This technology supports the backing and management of digital assets.
Market Position and Strategy
Tether already ranks among the largest holders of US Treasury securities. Ardoino highlighted this position as evidence of the company’s faith in dollar strength.
“USA₮ is our commitment to ensuring that the dollar not only remains dominant in the digital age, but thrives,” the CEO explained. The company views stablecoins as tools for maintaining dollar prominence globally.
The announcement follows Hines’ departure from the White House Crypto Council in August. His resignation came after the administration released its digital financial technology strategy report.
Treasury Secretary Scott Bessent previously described stablecoins as instruments for maintaining dollar dominance worldwide. These digital currencies make dollars more accessible through blockchain networks.
USAT will not offer yield to holders, according to Ardoino’s statements. This approach focuses on stability rather than returns for users.
