Tether has launched USA₮, a U.S.-regulated, dollar-backed stablecoin, and appointed Bo Hines as CEO of Tether USA₮. This new stablecoin aims to comply with U.S. regulations and bolster the dollar's presence in the digital economy. Anchorage Digital will issue USA₮, while Cantor Fitzgerald will act as its reserve custodian. The introduction of USA₮ is anticipated to influence stablecoin markets by providing a regulated option for U.S. institutions.