Former White House Crypto Advisor Bo Hines is joining Tether, one of the largest stablecoin companies in the world, the company said Tuesday. Hines will help Tether establish a foothold in the US after stepping down from his role as executive director of Trump’s Council of Advisers on Digital Assets earlier this month. He will now serve as Tether’s Strategic Advisor for Digital Assets and U.S. Strategy.
“Bo has demonstrated incredible leadership within the U.S. Administration, where he was instrumental in advancing initiatives to foster innovation in digital assets, develop clear guardrails for stablecoin issuers, and build collaborative relationships between government and the blockchain industry,” Tether CEO Paolo Ardoino said in a post to X Tuesday. “On behalf of the Company, we are all thrilled at his decision to join our Organization and to contribute to building our Once in a Century Company.”
Bo Hines Joins Tether
In his new role, Hines will collaborate closely with Tether’s leadership team to shape and execute the company’s U.S. market entry, cultivating constructive relationships with policymakers and industry stakeholders. Additionally, while Tether Investments has already reinvested almost $5 billion in the U.S. ecosystem, Hines’ addition to the Tether team will reinforce its commitment and alignment to this crucial market.
“During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion,” Hines said in a statement. “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 U.S. market – one that will empower American consumers and help revolutionize our nation’s financial system.”
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Furthermore, the US stablecoin market has been booming since the approval of several pro-crypto legislations in the past few months. The GENIUS Act’s approval is a huge catalyst for this, sparking numerous institutions and banks to consider getting involved. As a result of Bo Hines’ direct involvement in getting these bills approved made, he was a top candidate for Tether upon his exit from Trump’s team.
