Tether taps former White House Crypto Council head Bo Hines to lead digital asset strategy in the US

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Tether, the company behind the largest stablecoin by market capitalization, USDT, has tapped Bo Hines, the former Executive Director of the White House Crypto Council, as its new Strategic Advisor for Digital Assets and US Strategy, according to a Tuesday press release.

Hines will directly engage and coordinate Tether’s US strategy and expansion as part of the Group’s core team. During his tenure at the White House, he led initiatives to advance digital asset innovation, develop stablecoin issuer guidelines, and strengthen relationships between the government and the blockchain industry.

“Bo’s appointment demonstrates our commitment to building a strong US-based presence that spans across multiple sectors, starting with digital assets and expanding to new opportunities, including a deep focus on potential further investments in domestic infrastructure,” said Paolo Ardoino, CEO of Tether.

In his new role, Hines will work with Tether’s leadership to shape the company’s US market entry and develop relationships with policymakers and industry stakeholders. Tether Investments has already reinvested almost $5 billion in the US ecosystem.

“During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion,” said Bo 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 US market – one that will empower American consumers and help revolutionize our nation’s financial system.”

Hines, a North Carolina native, holds an undergraduate degree from Yale University and a J.D. from Wake Forest University School of Law. He played collegiate football at NC State and Yale before transitioning to public service.

This is a developing story.

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