Tether has announced the launch of a new U.S.-specific stablecoin named USAT, which will be led by Bo Hines, a former director of the White House’s crypto working group. The stablecoin is designed to comply with the new regulatory framework established for cryptocurrencies in the U.S. and is set to be issued by Anchorage Digital. USAT will aim to cater to various use cases distinct from Tether's existing stablecoin, USDT. Hines will assume the role of CEO from Charlotte, North Carolina, and the token is expected to launch by the end of the year. Tether CEO Paolo Ardoino indicated that the organization plans to comply with stringent U.S. regulations, including anti-money laundering laws, as part of its strategy. At a recent announcement event, prominent figures from Congress and the digital assets industry were in attendance, emphasizing the significance of Tether's expansion into the U.S. market. Ardoino also hinted at Tether's plans to expand its Bitcoin mining capabilities, implying a push towards becoming the leading Bitcoin mining company by year-end.

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