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TEXXR

Chronicles

The story behind the story

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Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit

from a misunderstood/opaque offshore stablecoin to a $169B market leader, now pioneering financial innovation in the U.S. Excited for the Tether America launch event. [image] @cowboycrypto313 : Cantor Fitzgerald will manage Tether reserves for their new U.S. stablecoin $USAT. Howard Lutnick stepped down from Cantor to fill the role of Secretary of Commerce. Now his two sons run the company. Bo Hines left his government digital asset role and went to Tether to become CEO [image] Jack Kubinec / @whosknave : USAT will be headquartered in Charlotte, NC, Hines said. @0xanteater : another plane has hit the chart for CRCL Mike Dudas / @mdudas : the tether redemption arc is possible for every single one of you you have the opportunity to run the world of finance, commerce and monetary freedom don't f*ck this up higher Frank Chaparro / @fintechfrank : Some wild stats from the Tether's America launch event: •35% of USDT held by savers in high-inflation countries •More transactions than Visa •18th largest holder of US Treasuries •30M new users in Q2 •17M USDT transfers/day •275+ law enforcement partnerships 👉 Brandon Lutnick / @brandonlutnick : The world's greatest stablecoin company is coming to the world's greatest economy. @Tether_to is continuing to prove that their vision for stablecoins is ahead of the curve, and I am so proud that @Official_Cantor is continuing to support their development as a founding partner Rob Hadick / @hadickm : Had to see this coming since Bo Hines left, but man does “USAT” go hard Bryan Steil / @repbryansteil : USA₮ announcement today is a result of Congress passing the GENIUS Act to ensure crypto is: ✅ US regulated ✅ US domiciled ✅ Consumer protections ✅ US global leadership Now is the time for the Senate to pass CLARITY! Jack Kubinec / @whosknave : BREAKING: Tether is entering the US market with its USAT stablecoin. Bo Hines will be CEO. Anchorage will be the issuer, and Cantor Fitzgerald will handle the treasury reserves. It's a huge move for the world's largest stablecoin company. [image] Bo Hines / @bohines : 🇺🇸 Paolo Ardoino / @paoloardoino : The Fantastic 4 of USAT [image] @ethena_labs : After conducting diligence on the best path forwards to move USDtb to GENIUS compliance, it was immediately clear that Anchorage had the best setup to achieve our goals. Now the market leader and pioneer of the entire stablecoin space in Tether has arrived to the same Austin Campbell / @campbelljaustin : USAT is a very interesting decision. @Tether_to should be thinking hard about the powers of US banking regulators re: foreign parents of US subsidiaries, esp. in light of potential future administrations. @muyaoshen : If you told me five years ago that I'd be going to a press conference hosted by Tether in New York City, I wouldn't believe it. But it did happen today https://www.bloomberg.com/... @rumblevideo : Financial freedom for all with USA₮ 🇺🇸 @pledditor : >>"without permission" You mean you wouldn't freeze my coins if I was part of the DPRK? Putting straight up lies in your product launch trailer is not a great start for $USAT, @bohines [image] Eric Turner / @ericturnr : The world's largest stablecoin is setting up shop in the U.S. partnered with an OCC chartered bank and @BoHines at the helm How can you possibly be anything other than bullish Nathan McCauley / @nathanmccauley : 🇺🇸 Massive congratulations to @Tether_to and @paoloardoino. The world's largest stablecoin company setting up shop in the U.S. is proof that GENIUS is accelerating the economy. We're incredibly proud to be working with Tether in their U.S. expansion and doing our part to @anchorage : Anchorage Digital Bank—the first and only crypto bank and stablecoin issuance platform under federal @USOCC oversight—is proud to be the issuer of @Tether_to's new GENIUS-compliant stablecoin, advancing the strength of the U.S. dollar for decades to come. Christian Catalini / @ccatalini : 2/ Tether, which arguably built an empire on the latter, is now aiming for leadership in the former via GENIUS Act compliance. It's a brilliant strategic shift, and one that completely reframes the competitive landscape. [image] Paolo Ardoino / @paoloardoino : The Fantastic 4 of USAT [image] @usat_io : Tether invented the stablecoin. Now we're bringing it home 🇺🇸 Meet USA₮ — the digital dollar for creators, earners, and everyone left behind. Made for America. Fast. Borderless. Tether is powering digital dollars for the next generation. Coming soon.. [video] @usat_io : Money shouldn't crawl in the digital age. Meet USA₮ — a digital dollar you can actually use at internet speed. Instant. No middlemen. Specifically made for America.🇺🇲 Because your money should move when you do. Coming soon.. [video] @usat_io : Why does money still move like it's stuck in the last century? 🇺🇸 Meet USA₮ — the stablecoin that brings dollars to internet speed. Instant. Split-friendly. No middlemen. Made for America. Because your money should work for you, not against you. Coming soon.. [video] @usat_io : Thank you to everyone who joined us at the NYC launch of USA₮ 🇺🇸 The future of digital dollars starts here. Follow @USAT_io for updates as we prepare to bring USA₮ to the United States. [image] Laura Shin / @laurashin : Tether to enter the U.S. crypto market via Tether USAT, with a CEO who has powerful political connections at the helm: former White House Crypto Council Executive Director Bo Hines. Its Genius Act compliant stablecoin will be USAT. Read more below 👇 Christian Catalini / @ccatalini : 1/ A classic choice in finance is whether you make your money from the rules, or from the gaps between them. https://x.com/... LinkedIn: Diogo Mónica : Anchorage partnering with Tether and Bo Hines to issue USAT.  Probably nothing.  —  https://tether.io/... Forums: r/Buttcoin : USAT is Tether's new stablecoin in the US.  Butters don't worry, it will keep printing USDT out of thin air to prop up the price of Bitcoin.

The Block Daniel Kuhn

Discussion

  • NullTX Will Izuchukwu on x
    Tether Expands Into America With USA₮, Under New GENIUS Act Rules
  • @tether_to @tether_to on x
    Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮ Follow @USAT_io 🇺🇸 https://tether.io/...
  • @trad_fin @trad_fin on x
    $CRCL slow reaction [image]
  • @yueqi_yang Yueqi Yang on x
    Tether will try to keep USDT circulating in the U.S., despite launching a new token USAT for US market.  Paolo Ardoino told reporters at NYC launch event today that the U.S. stablecoin law allows foreign issuers in certain jurisdictions with comparable rules to offer stablecoins …
  • @fintechfrank Frank Chaparro on x
    Incredible to see Tether's evolution over the past decade — from a misunderstood/opaque offshore stablecoin to a $169B market leader, now pioneering financial innovation in the U.S. Excited for the Tether America launch event. [image]
  • @cowboycrypto313 @cowboycrypto313 on x
    Cantor Fitzgerald will manage Tether reserves for their new U.S. stablecoin $USAT. Howard Lutnick stepped down from Cantor to fill the role of Secretary of Commerce. Now his two sons run the company. Bo Hines left his government digital asset role and went to Tether to become CEO…
  • @whosknave Jack Kubinec on x
    USAT will be headquartered in Charlotte, NC, Hines said.
  • @0xanteater @0xanteater on x
    another plane has hit the chart for CRCL
  • @mdudas Mike Dudas on x
    the tether redemption arc is possible for every single one of you you have the opportunity to run the world of finance, commerce and monetary freedom don't f*ck this up higher
  • @fintechfrank Frank Chaparro on x
    Some wild stats from the Tether's America launch event: •35% of USDT held by savers in high-inflation countries •More transactions than Visa •18th largest holder of US Treasuries •30M new users in Q2 •17M USDT transfers/day •275+ law enforcement partnerships 👉
  • @brandonlutnick Brandon Lutnick on x
    The world's greatest stablecoin company is coming to the world's greatest economy. @Tether_to is continuing to prove that their vision for stablecoins is ahead of the curve, and I am so proud that @Official_Cantor is continuing to support their development as a founding partner
  • @hadickm Rob Hadick on x
    Had to see this coming since Bo Hines left, but man does “USAT” go hard
  • @repbryansteil Bryan Steil on x
    USA₮ announcement today is a result of Congress passing the GENIUS Act to ensure crypto is: ✅ US regulated ✅ US domiciled ✅ Consumer protections ✅ US global leadership Now is the time for the Senate to pass CLARITY!
  • @whosknave Jack Kubinec on x
    BREAKING: Tether is entering the US market with its USAT stablecoin. Bo Hines will be CEO. Anchorage will be the issuer, and Cantor Fitzgerald will handle the treasury reserves. It's a huge move for the world's largest stablecoin company. [image]
  • @bohines Bo Hines on x
    🇺🇸
  • @paoloardoino Paolo Ardoino on x
    The Fantastic 4 of USAT [image]
  • @ethena_labs @ethena_labs on x
    After conducting diligence on the best path forwards to move USDtb to GENIUS compliance, it was immediately clear that Anchorage had the best setup to achieve our goals. Now the market leader and pioneer of the entire stablecoin space in Tether has arrived to the same
  • @campbelljaustin Austin Campbell on x
    USAT is a very interesting decision. @Tether_to should be thinking hard about the powers of US banking regulators re: foreign parents of US subsidiaries, esp. in light of potential future administrations.
  • @muyaoshen @muyaoshen on x
    If you told me five years ago that I'd be going to a press conference hosted by Tether in New York City, I wouldn't believe it. But it did happen today https://www.bloomberg.com/...
  • @rumblevideo @rumblevideo on x
    Financial freedom for all with USA₮ 🇺🇸
  • @pledditor @pledditor on x
    >>"without permission" You mean you wouldn't freeze my coins if I was part of the DPRK? Putting straight up lies in your product launch trailer is not a great start for $USAT, @bohines [image]
  • @ericturnr Eric Turner on x
    The world's largest stablecoin is setting up shop in the U.S. partnered with an OCC chartered bank and @BoHines at the helm How can you possibly be anything other than bullish
  • @nathanmccauley Nathan McCauley on x
    🇺🇸 Massive congratulations to @Tether_to and @paoloardoino. The world's largest stablecoin company setting up shop in the U.S. is proof that GENIUS is accelerating the economy. We're incredibly proud to be working with Tether in their U.S. expansion and doing our part to
  • @anchorage @anchorage on x
    Anchorage Digital Bank—the first and only crypto bank and stablecoin issuance platform under federal @USOCC oversight—is proud to be the issuer of @Tether_to's new GENIUS-compliant stablecoin, advancing the strength of the U.S. dollar for decades to come.
  • @ccatalini Christian Catalini on x
    2/ Tether, which arguably built an empire on the latter, is now aiming for leadership in the former via GENIUS Act compliance. It's a brilliant strategic shift, and one that completely reframes the competitive landscape. [image]
  • @paoloardoino Paolo Ardoino on x
    The Fantastic 4 of USAT [image]
  • @usat_io @usat_io on x
    Tether invented the stablecoin. Now we're bringing it home 🇺🇸 Meet USA₮ — the digital dollar for creators, earners, and everyone left behind. Made for America. Fast. Borderless. Tether is powering digital dollars for the next generation. Coming soon.. [video]
  • @usat_io @usat_io on x
    Money shouldn't crawl in the digital age. Meet USA₮ — a digital dollar you can actually use at internet speed. Instant. No middlemen. Specifically made for America.🇺🇲 Because your money should move when you do. Coming soon.. [video]
  • @usat_io @usat_io on x
    Why does money still move like it's stuck in the last century? 🇺🇸 Meet USA₮ — the stablecoin that brings dollars to internet speed. Instant. Split-friendly. No middlemen. Made for America. Because your money should work for you, not against you. Coming soon.. [video]
  • @usat_io @usat_io on x
    Thank you to everyone who joined us at the NYC launch of USA₮ 🇺🇸 The future of digital dollars starts here. Follow @USAT_io for updates as we prepare to bring USA₮ to the United States. [image]
  • @laurashin Laura Shin on x
    Tether to enter the U.S. crypto market via Tether USAT, with a CEO who has powerful political connections at the helm: former White House Crypto Council Executive Director Bo Hines. Its Genius Act compliant stablecoin will be USAT. Read more below 👇
  • @ccatalini Christian Catalini on x
    1/ A classic choice in finance is whether you make your money from the rules, or from the gaps between them. https://x.com/...
  • r/Buttcoin r on reddit
    USAT is Tether's new stablecoin in the US.  Butters don't worry, it will keep printing USDT out of thin air to prop up the price of Bitcoin.