Tether Unveils USAT to "Revolutionize the U.S. Financial System"

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4.7 • 698 Ratings

🗓️ 12 September 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Insights into the Tether's announcing its plans to issue a US Dollar-Backed stablecoin. In an exclusive interview, CoinDesk's Jennifer Sanasie sits down with Tether CEO Paolo Ardoino and newly appointed USAT CEO Bo Hines to discuss the launch of their new stablecoin designed specifically for the US market. Plus they discuss how it will work alongside the globally dominant USDT and reveal their mission to provide financial access to underserved communities, reduce transaction costs, and build a more efficient financial system in the United States. - Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase. Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit midnight.gd and prepare for the Midnight Glacier Drop. - This episode was hosted by Jennifer Sanasie.

Transcript

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0:00.0	Today, Tether unveiled USAT, its planned US-regulated dollar-backed stable coin at an event in New York City.
0:12.8	Now, it also announced that the CEO of this endeavor is going to be former White House Crypto Council Executive Director Bo Hines.
0:19.7	If you need a refresher, Tether is the issuer of the
0:22.9	largest stable coin globally with a more than $160 billion market cap and $45 billion daily transfer
0:30.8	volume. If you need some context there, that's more than some credit card and remittance companies.
0:35.8	During the event, T Heather CEO, Paolo
0:37.6	Arduino provided powerful context for their global impact. He said that 63% of USDT transactions
0:44.1	sent only USDT. Now, this means that folks who are using USDT or 63% of them aren't interacting
0:51.9	with any other crypto. This statistic highlights its crucial role
0:56.0	as a financial lifeline for people on countries with high inflation who use USDT to save and protect
1:01.9	their wealth. According to Arduino and Heinz, USAT represents a strategic bridge here, an attempt
1:08.5	to connect this proven global mission with the regulatory
1:11.4	framework and institutional markets of the U.S. I caught up with them at the event. Here's what
1:16.2	they had to say about U.S.AT being the tip of the spear to revolutionize the U.S. financial
1:21.4	system, why Tether's future is a super ecosystem, and by pleasing Wall Street with an IPO is not part of the plan. Bo, how does it feel to be the CEO of USA-T?
1:47.0	Oh, it's exciting. Bo, how does it feel to be the CEO of USAT?
2:03.4	Oh, it's exciting.
2:04.5	One, I'm humbled and honored by the opportunity that I get to work with the best and brightest
2:09.0	people in the space.
2:10.5	Obviously, Paolo, inventing stable coins.
2:13.0	And then the second rendition of this chapter being a U.S. regulatory system that I got
2:17.1	to work diligently
	...

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