Tether, the crypto firm behind the largest stablecoin USDT (USDT), said on Tuesday it has appointed Bo Hines, former executive director of the White House Crypto Council under President Donald Trump, as strategic advisor for the firm’s U.S. strategy.
Hines will advise Tether to “shape and execute the company’s U.S. market entry, cultivating constructive relationships with policymakers and industry stakeholders,” the firm said in a press release.
The appointment comes as Tether shared plans of entering the U.S. market and complying with new federal laws for stablecoins under the GENIUS Act. Hines served as executive director of the President’s Council of Advisers on Digital Assets, shaping the Trump administration’s crypto policy.
“During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion,” Hines said in a statement.
“I’m thrilled to join Tether at such a pivotal moment, helping to deliver an ecosystem of products that will set the standard for stability, compliance, and innovation in the U.S. market – one that will empower American consumers and help revolutionize our nation’s financial system,” Hines said.
Tether CEO Paolo Ardoino said the hire reflects the company’s plans to deepen its footprint in the world’s largest financial market. “Bo’s understanding of the legislative process and blockchain’s practical use cases will be vital as we expand,” Ardoino said in a statement.
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