Tether to launch US-compliant stablecoin USAT, Bo Hines appointed as USAT CEO
Foresight News reported that Tether CEO Paolo Ardoino announced the company will launch a US-regulated, dollar-backed stablecoin called USAT, and has appointed former White House Crypto Council Executive Director Bo Hines as CEO of USAT. Tether stated that USAT will be designed in accordance with the recently enacted US GENIUS Act, and as a US-regulated stablecoin, aims to provide businesses and institutions with a digital alternative to cash and traditional payment methods.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Suspected Insider Trading in PancakeSwap's Trading Competition Held in July
HYPE surge prompts several whales to take profits, with over $29 million worth of HYPE sold recently
Pendle cross-chain PT launches on Avalanche, with the first product being Ethena Labs' PT-USDe
