Companies • September 12, 2025, 11:17AM EDT UPDATED: September 12, 2025, 11:29AM EDT Quick Take USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation. The USAT team will be based in Charlotte, North Carolina, Hines’ home state. Bo Hines, the former Executive Director of the White House Crypto Council under President Donald Trump, has been named as CEO of Tether's newly created U.S. unit, according to an announcemen...