Tether CEO: USAT, a US-regulated stablecoin, is planned to be launched before the end of the year

On September 13th, FOX Business reporter Eleanor Terrett shared on social media the core team behind the upcoming US dollar stablecoin project, USAT. The team comprises industry veterans: Bo Hines will serve as CEO, Nathan McCauley, formerly of renowned crypto custodian Anchorage, will serve as issuer, and Brandon Lutnick, the official chairman of Cantor Fitzgerald, will oversee the token's reserve management mechanism.

This news was further confirmed by Tether CEO Paolo Ardoino, who stated that USAT aims to launch by the end of the year and will be the first domestically-owned stablecoin regulated entirely under the GENIUS Act. Ardoino emphasized that the compliance and transparency standards provided by the Act will provide strong legal support for USAT and bolster market confidence.

Furthermore, Bo Hines revealed that the company has decided to establish its new US headquarters in Charlotte, North Carolina. This location was chosen not only for the region's favorable business environment but also for its strategic position as a financial and technological hub in the Southeast.

Hines stated that this move demonstrates the team's commitment to building USAT into a "leading stablecoin rooted in the U.S. regulatory and innovation system." The launch of USAT is viewed by the industry as a significant addition to the existing U.S. stablecoin market, particularly in terms of regulatory compliance and localized operations, potentially setting a new benchmark.