Tether CEO: USAT, a US-regulated stablecoin, is planned to launch by the end of the year

BlockBeats News, on September 13, FOX Business reporter Eleanor Terrett posted on social media that the team members behind USAT are: Bo Hines serving as CEO, Nathan McCauley (from Anchorage) as issuer, and Brandon Lutnick (official chairman of Cantor) responsible for overseeing token reserves.

Tether CEO Paolo Ardoino stated that the goal is to launch a US-based stablecoin called USAT by the end of this year, which will be regulated in the United States under the GENIUS Act. Hines revealed that the company's new US headquarters will be located in Charlotte, North Carolina.