🔹 $USDT issuer Tether has appointed former White House crypto adviser Bo Hines to strengthen its U.S. expansion strategy. He was a key figure in drafting the GENIUS Act, which requires stablecoins to be fully backed and reserves disclosed monthly.
🔹 The stablecoin market has surged to nearly $288B, but analysts expect $USDC to challenge $USDT’s dominance in the U.S. due to stronger institutional adoption.
🔹 Tether now directly holds about $98.5B in U.S. Treasuries (~1.6% of the total market), lowering yields and reportedly saving the U.S. government around $15B annually in interest costs.
