Stablecoin giant Tether hires former White House cryptocurrency committee executive director Bo Hines as its new strategic advisor, advancing its expansion in the world's largest economy.
As the issuer of USDt (USDT), Tether appoints Hines to directly engage and coordinate the company's U.S. strategy and expansion, marking the immediate effectiveness of the company's core focus, which was shared with Cointelegraph on Tuesday.
Hines served during President Donald Trump's administration, focusing on promoting digital asset innovation, establishing regulatory frameworks for stablecoin issuers, and fostering cooperation between the government and the blockchain industry.
In his new role, Hines will work with Tether's leadership team to execute its U.S. market strategy and build 'constructive relationships' with policymakers and industry stakeholders.
Tether CEO Paolo Ardoino stated: 'Hines' deep understanding of the legislative process, combined with his passion for the practical applications of blockchain, makes him a valuable asset for Tether as we enter the world's largest market.'
'Bo's appointment signals our commitment to building a strong business in the U.S., starting with digital assets and expanding to further investments, including potential domestic infrastructure.'
Tether's investment firm has reinvested nearly $5 billion in the U.S. economy. Hines' addition aims to 'strengthen' this commitment and alignment with the U.S. market.
Related: Ethereum trader turns $125,000 into $43 million, locking in $7 million after market pullback.
This is a developing story, and more information will be updated as it becomes available.
