Bo Hines Joins Tether; Wyoming Launches Stablecoin | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 August 2025
⏱️ 3 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Bo Hines joins Tether as U.S. strategy advisor.
Bo Hines, former White House Crypto Council chief, has joined Tether as U.S. strategy advisor. This comes amid news that the state of Wyoming has launched their U.S. dollar stablecoin Frontier Stable Token. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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Transcript
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| 0:00.0 | Bo Hines joins Tether and Wyoming's Stablecoin launches on Mainnet. |
| 0:04.9 | You're watching Coin Desk Daily. I'm your host, Jen Sanassi. |
| 0:14.8 | Bo Hines has a new role in the private sector. |
| 0:17.6 | Tether, the issuer of Stablecoin, USD, has appointed the former White House |
| 0:21.2 | Crypto-Advisor as strategic advisor for the firm's U.S. strategy. According to a press release, |
| 0:26.5 | Heinz will advise Tether to shape and execute the company's U.S. market entry, cultivate |
| 0:31.4 | constructive relationships with policymakers and industry stakeholders. The appointment comes as |
| 0:36.6 | Tether shared plans of entering the U.S. |
| 0:38.4 | market and complying with new federal laws for stable coins under the Genius Act. Bitcoin remains |
| 0:44.0 | under pressure after losing the bullish trend line from April lows, but how are investors |
| 0:48.3 | strategizing their buys? Glass node supply by investor behavior metric shows fresh demands in the past |
| 0:53.9 | five days, |
| 0:54.5 | with supply held by first-time buyers increased by 1% to 4.93 million Bitcoin. |
| 1:01.0 | In the meantime, supply controlled by conviction buyers, those with strong holding intent, |
| 1:05.9 | has grown 10% to 1.03 million Bitcoin. |
| 1:09.5 | The surge appears subdued compared with July, |
| 1:11.9 | a sign that the latest price dip may be too shallow for bargain hunters. |
| 1:16.5 | Lost sellers, investors who got rid of their crypto at less than they paid, |
| 1:21.3 | spiked 37.8% to 87,000 Bitcoin signaling increased short-term selling pressure. |
| 1:27.4 | As of this morning, Bitcoin is trading at around $113 its U.S. dollar stable coin, |
| 2:05.4 | Frontier Stable Token. |
| 2:07.1 | The FRNT token is claimed to be the first fully reserved stable coin in the country issued by a public entity. |
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