Stablecoin issuer Tether announced on Tuesday that it has appointed Bo Hines as Strategic Advisor for Digital Assets and United States Strategy.
Hines joins the company just a week after stepping down from a role in the Trump administration.
He was previously the Executive Director of the White House Crypto Council, an advisory body that was helping to shape US crypto policies.
According to Tether, Hines will be responsible for guiding Tether’s entry into the US market and its growth in the world’s largest economy.
“During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion,” said Hines.
“I’m thrilled to join Tether at such a pivotal moment, helping to deliver an ecosystem of products that will set the standard for stability, compliance, and innovation in the U.S. market – one that will empower American consumers and help revolutionize our nation’s financial system.”
Tether is the world’s largest stablecoin issuer, controlling over 70% of the stablecoin market.
Its main coin – USDT – is pegged to the US dollar. The company holds over $120bn in US treasuries and is one of the largest holders of US government bonds in the world.
