- Hines previously led the Trump administration's crypto policy team.
- Now, he's joining the $167 billion stablecoin stalwart.
After just 10 days on the job hunt, Bo Hines has found a new employer.
The 29-year-old North Carolinian, who previously led the White House’s crypto council as executive director, has joined stablecoin behemoth Tether as the company’s strategic advisor for the US.
Hines played a key role in crafting the various crypto initiatives that have defined much of US President Donald Trump’s second term, including landmark stablecoin legislation.
That positions the Yale graduate as a key player in Tether’s plans to enter the US market.
“Bo Hines’ appointment signals a serious US push,” Callum Clark, co-founder of tokenisation platform Alvara Protocol, told DL News.
“Pairing policy fluency with practical blockchain rollout is exactly what stablecoins need as they scale in the world’s largest market.”
Tether did not immediately respond to a request for comment.
The company is the crypto industry’s largest stablecoin provider, with its USDT token boasting more than $167 billion in value and making up more than 60% of the entire stablecoin market, according to DefiLlama.
Tether turns to the US
Despite the lead, Tether CEO Paolo Ardoino is still keen on expansion.
Long locked out of the US, the Tether chief is finally plotting a path towards entering the country amid changing political winds and rules.
“Bo’s appointment demonstrates our commitment to building a strong US-based presence that spans across multiple sectors,” Ardoino said in a statement.
In July, Ardoino said that the company is looking to launch a new dollar-backed stablecoin that focuses primarily on institutional payments and interbank settlements.
At the same time, the company still needs to find an auditor to become compliant with new stablecoin rules in the US.
Tether hired Simon McWilliams as its new chief financial officer in March to lead that effort.
Liam Kelly is a Berlin-based reporter for DL News. Got a tip? Email him at liam@dlnews.com.