Bo Hines, the former White House crypto advisor, will advance to CEO of Tether’s new dollar-backed stablecoin project, aimed at compliance with US regulations. Hines joined Tether in April and will lead the initiative using Tether’s Hadron real-world asset tokenization platform. Tether's CEO, Paolo Ardoino, emphasized the company’s significant holdings in US Treasuries, reflecting a strong belief in the dollar's lasting strength. He stated that the new stablecoin, named USA₮, is Tether's commitment to not only maintain but also enhance the dollar's dominance in the digital era. The stablecoin market has recently surpassed $270 billion, highlighting its growing importance and recognition, especially as stablecoins emerge as a strategic focus for the US government and other countries, including China. This development is still in progress, with more updates expected soon.

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