Tether (USDT) taps on Bo Hines, Trump’s crypto advisor, to guide the approach to us
Tether, the crypto firm behind the largest stablecoin USDT (USDT).
Hines advises Tether to “shape and carry out the US market entering the company, cultivating constructive relations with industry policies and stakeholders,” the company said in a press release.
The appointment came as Tether shared plans of entry into the US market and compliance with new federal laws for Stablecoins under the Genius Act. Hines has served as executive director of the president’s council of the president in the digital assets, shaping the Crypto policy of the Trump administration.
“During my public service time, I personally witnessed the stablecoins’ transformation to modernize payments and increase financial integration,” Hines said in a statement.
“I am pleased to join Tether at an important moment, helping to deliver an ecosystem of products that will set the standard for stability, compliance, and change in the US market – one that will empower American consumers and help change our country’s financial system,” Hines said.
Tether CEO Paolo Ardoino said the rent reflects the company’s plans to deepen its footprint in the world’s largest financial market. “Bo’s understanding of the legislative process and the practical cases of using blockchain will be important as we expand,” Ardoino said in a statement.
Read more: Tether led the 30M-Euro Investment Round in Spanish Crypto Exchange Bit2ME
