Former Trump White House Crypto Adviser to Lead Tether’s New US Stablecoin Venture
The former White House crypto adviser who joined Tether in August has been named the chief executive officer of its upcoming United States-regulated stablecoin project. This new digital currency will be pegged to the US dollar and is designed to operate within the US regulatory framework.
The executive previously served as an adviser to the White House on matters of crypto and blockchain technology. His appointment to lead this new initiative signals Tether’s serious commitment to expanding its presence in the US market under a compliant structure. The new stablecoin will be branded under the name USAT.
This move represents a significant strategic pivot for Tether, the company behind the world’s largest stablecoin, USDT. While USDT is a dominant force in global crypto trading, its operations have historically been focused outside of the United States, with its parent company based offshore. The creation of a separate, US-regulated entity with a new stablecoin product is a direct effort to engage with the American financial system and its regulators.
The decision to appoint a former government insider with direct policy experience highlights the importance Tether is placing on regulatory compliance and building trust with US authorities. The company has faced scrutiny in the past regarding the reserves backing its USDT token. By launching a new product that is fully transparent and audited under US regulatory oversight, Tether aims to appeal to a broader institutional and retail audience within the country that requires strict compliance.
The new stablecoin, USAT, will enter a competitive domestic market that includes giants like Circle’s USDC and Paxos’ USDP. However, Tether’s immense scale and liquidity in the wider crypto ecosystem could provide it with a significant advantage if it can successfully navigate the regulatory landscape. The project is still in its planning stages, with further details regarding banking partnerships, specific regulators involved, and a launch timeline expected to be announced in the future.
Industry analysts see this as a necessary evolution for Tether to maintain its leadership position as global regulatory frameworks for stablecoins mature. The United States is moving closer to establishing clear federal laws for stablecoin issuers, and Tether’s new venture positions it to be a major player should that legislation pass.
The announcement has generated discussion within the crypto community. Some view it as a positive step towards greater legitimacy and adoption for stablecoins, bringing a major provider firmly into a regulated environment. Others are watching cautiously to see how the company manages its dual identity of operating a global, offshore stablecoin alongside a new, US-focused regulated one.
Ultimately, the launch of USAT under the leadership of a seasoned policy expert marks a new chapter for Tether. It is a clear acknowledgment that the future of digital assets, particularly those tied to traditional currencies like the dollar, will be inextricably linked to cooperation with national regulators. The success of this venture will depend on its ability to achieve full regulatory approval and demonstrate the same level of liquidity and reliability that made USDT the market leader.
