USAT will also be a Tether Limited division that will feature his own CEO. A former White House official will direct Usat. Paolo Ardoino, executive director of the Tether Limited company, announced Friday that they will launch a new stable cryptocurrency oriented to the US public, called USAT. The announcement was made by Ardoino in a business event, where he also reported that Bo Hines, former director of Digital Assets of the White House, will be the executive director of USAT, which will also become a company that will operate directly from the US.
As can be seen on the USAT website, the stablecoin will be backed by US dollars and attaches to the guidelines of the Genius law of that country, which regulates the emission and negotiation of stable cryptocurrencies.
The arrival of Usat occurs five months after the company led by Ardoino reported that it would launch a stable dedicated to Americans, as Cryptonotics reported at the time, in an attempt to challenge USDC, the circle stablecoin.
