Bitcoin24h $115,801.77-0.95%

Ethereum24h $4,513.10+0.33%

XRP24h $3.03-0.70%

BNB24h $956.91+0.19%

Solana24h $238.87+0.34%

Dogecoin24h $0.2714+1.22%

TRON24h $0.3408-0.42%

Cardano24h $0.8863+0.99%

Hyperliquid24h $56.21+4.05%

Chainlink24h $23.55-0.06%

Tether’s new USAT stablecoin led by Trump’s former advisor Bo Hines

Tether has announced a new US-based stablecoin called USAT that will be led by Bo Hines, President Trump’s former advisor on digital assets.

CHART: Which blockchains is USD1 issued on?

USD1 is issued on several blockchains, but Binance Smart Chain dominates, thanks in large part to the MGX-Binance deal.

Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.

Omar Rossi has worked for a variety of interesting financial firms in Switzerland and the Bahamas and now seems to be involved with Tether.

Tether, the world’s largest stablecoin company, has continued to grow its secured loans business even after promising to eliminate it.