Home / Tether News: US Stablecoin Launch, Legacy Blockchain Plans

Tether News: US Stablecoin Launch, Legacy Blockchain Plans

By: Jasmin Espinas

Updated: September 12, 2025

Published: September 12, 2025

Advertising Disclosure

The content featured in this article may include sponsored placements or affiliate partnerships. These do not reflect the views or recommendations of Financial Daily Update.

We do not guarantee the accuracy or reliability of information presented by third-party contributors or advertisers. You are encouraged to verify all product claims and service terms directly with the provider.

Some of the links on this page may lead to financial partners. If you take action through those links—such as applying for a loan or signing up for a service—we may earn compensation.

That said, all editorial content is written independently and without bias, in line with our mission to provide transparent and informative financial reporting.

Tether, the issuer behind the world’s largest stablecoin, continues to expand its reach across digital finance. In recent Tether news, the company said it plans to launch USAT, a new U.S.-based stablecoin.

Tether also introduced a new CEO and outlined its upcoming shift from older blockchain networks.

Tether News: Stablecoin Giant to Launch New US Dollar Token

CEO Paolo Ardoino said Friday, September 12, that Tether plans to introduce a new stablecoin, USAT, aimed specifically at U.S. residents.

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.. pic.twitter.com/1ANlhR1oqR

— USAT (@USAT_io) September 12, 2025

The token will be issued by Anchorage Digital Bank, a nationally chartered trust bank overseen by the U.S. Office of the Comptroller of the Currency.

This announcement signals Tether’s intent to gain more footing in the U.S. market.

USAT is described as compliant with the newly passed GENIUS Act. This act sets federal standards for stablecoin issuers operating within the country.

Additionally, Ardoino confirmed that Tether will continue offering USDT as a foreign-issued stablecoin while aligning it with the GENIUS Act.

He also clarified that USAT will not include any yield or interest-bearing features.

Tether News: Bo Hines Named CEO of Tether USA₮

Alongside the Tether news of the USAT announcement, Tether named Bo Hines as the incoming CEO of Tether USAT on September 12.

Hines previously served as Executive Director of the White House Crypto Council and has worked across legal, regulatory, and financial sectors.

His experience in both public and private roles positions him to lead a dollar-backed stablecoin under U.S. oversight.

In addition, Tether cited his background in law and policy as a practical fit for guiding USAT through federal compliance and banking partnerships.

This appointment also supports Tether’s broader effort to align USAT with U.S. regulatory frameworks while maintaining its presence in the global stablecoin market.

Tether News: Company Outlines Next Steps in Legacy Blockchain Transition

In other Tether news, Tether released an update on August 29 regarding its exit plan for five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.

The company first announced the wind-down in July 2024, stating that it would stop redemptions and freeze USDT tokens on these networks beginning September 1, 2025.

However, after receiving feedback from developers and users still active on these platforms, Tether revised the plan. It will no longer freeze the smart contracts of these blockchains.

Although users can continue transferring tokens between wallets, Tether will no longer handle direct issuance or redemption on these networks.

This change also formally removes them from its list of supported platforms.