Former senior White House official Bo Hines, who recently left his post in the Trump administration, has accepted a key executive role at Tether, the world’s largest stablecoin issuer.
Hines will help lead Tether’s expansion into the U.S. market as the company seeks to cement its presence under the new regulatory landscape.
Hines moves from White House to Tether
Hines served as executive director of the President’s Council of Advisers on Digital Assets, where he played a significant role in advancing President Trump’s digital asset agenda.
His departure earlier this month sparked a wave of private sector job offers, but he ultimately chose to join Tether shortly after helping pass the Genius Act, which sets new regulations for stablecoins.
Stablecoin sector heats up
Tether, headquartered in El Salvador, oversees the USDT stablecoin, currently commanding a market cap of approximately $167 billion.
The company faces stiff competition from Circle, a U.S.-based rival that went public in June.
Hines’s decision to join Tether comes amid escalating industry rivalry and as Tether continues to navigate regulatory scrutiny in the U.S., including past settlements and ongoing investigations.
Regulatory challenges and political ties
Despite a history of compliance issues, Tether has cultivated close ties with the Trump administration, working with financial firm Cantor Fitzgerald as custodian for its reserves.
With Hines at the helm of U.S. operations, Tether aims to deepen its influence and regulatory footing domestically.
Hines expressed his enthusiasm for the new role:
“I’m thrilled to join Tether at such a pivotal moment.”
