Tether’s launch of a new U.S.-backed stablecoin signals a turning point for digital assets, Wave Digital Assets co-founder Les Borsai told Newsmax on Tuesday.
“[It’s] super exciting. I was actually at the launch event in New York,” Borsai said on “National Report.” “The first part that’s exciting about this is Bo Hines, who obviously was working with David Sacks in this administration, came over to be the CEO of USA Tether.”
Tether, the El Salvador-based creator of the world’s largest stablecoin, will launch a U.S.-focused token called USAT by year’s end, CEO Paolo Ardoino said Friday. Hines, a former White House official, will lead the new venture, underscoring Tether’s push to expand in the U.S., where crypto firms have benefited from President Donald Trump’s pro-crypto stance.
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