Tether Taps Ex-White House Exec Bo Hines as Strategic Advisor

Tether, the world’s largest stablecoin issuer, has announced Bo Hines, a former member of the White House Crypto Council, as a Strategic Advisor for its U.S. digital assets strategy. According to reports, this move supports Tether’s goal to create a regulated, high-quality stablecoin that follows U.S. laws, especially under the new GENIUS Act.

Tether Plans to Grow in the American Market

Interestingly, Hines’s wealth of experience in regulatory policy and digital asset laws is expected to play an important role in helping Tether grow in the American market. Likewise, Tether’s decision to hire Hines comes at an important time. 

As stablecoin issuers face more pressure to follow U.S. financial laws, Tether wants to lead by offering a fully regulated stablecoin that meets federal and institutional standards. Meanwhile, Hines’s appointment shows Tether’s focus on transparency, compliance, and long-term stability in the U.S. market.

Similarly, Tether hired Simon McWilliams as the new Chief Financial Officer (CFO). As reported by TheCoinRise, this decision aims to provide transparency and strengthen investor confidence in Tether’s stability and reliability. 

Furthermore, Paolo Ardoino, CEO of Tether, said that McWilliams’ strong background in financial audits was a key reason for his appointment.

Tether Bets on Gold and Bitcoin for Stability

In June, the USDT stablecoin issuer bought 32% of a Canadian gold mining company, Elemental Altus Royalties Corp. Tether revealed that this move is part of its strategy to invest in diverse assets like gold and Bitcoin (BTC). Likewise, the goal is to support and strengthen the value of USDT, which is gaining traction in the LATAM region.

It is worth noting that Tether is not done with just the deal with Elemental Altus Royalties Corp., the company has also signed an agreement with another firm, AlphaStream Limited. The company also supports Bitcoin by open-sourcing its Mining Operating System (MOS). This makes it easier for smaller miners to join and grow the Bitcoin network.

All of Tether’s plan shows that it is thinking ahead and wants to create a safer and more stable financial system for everyone.

Tether Leads in Global Stablecoin Market

Intriguingly, Tether’s financial report for the second quarter of 2025, confirmed that the company’s financial records are accurate. BDO, the global accounting firm that reviewed the reports, confirmed that tangible assets fully back its USDT stablecoin.

As revealed by the financial report, Tether issued over $13.4 billion in new USDT during Q2 2025. This brought the total stablecoin in circulation to over $157 billion, a 20% increase since the start of the year. Tether’s investment in the U.S. Treasuries has also grown to over $127 billion, with over $105 billion held directly.

Meanwhile, the company’s Q2 2025 report shows that its assets are still greater than its liabilities and that all of its reserves are fully backed. The company also holds investments in sectors like the entertainment industry, artificial intelligence, agriculture, and clean energy.