Bo Hines: Tether is making its return to the U.S. market to achieve the same success as in overseas markets.

Foresight News reported that, according to Bloomberg, Tether Holdings SA's digital asset and U.S. strategic advisor Bo Hines stated that Tether is re-entering the U.S. market with the goal of becoming the dominant stablecoin issuer in the country, replicating its success overseas. Last week, Tether announced plans for a new Token called USAT, led by Bo Hines and launched in collaboration with Cantor Fitzgerald LP, aiming to provide instant Settlement and drop costs, specifically tailored for the U.S. market. Tether's CEO Paolo Ardoino stated that the company's advantage lies in the distribution network built over the past 11 years, while competitor Circle relies on revenue sharing with companies like Coinbase to expand its business. Ardoino mentioned that Tether does not need to rent distribution channels as it has its own channels. Despite Circle's high-profile announcement of going public, Tether has no intention of following suit, as the company made a profit of $13.7 billion last year and does not need to raise funds, but rather plans to invest in business development through the establishment of new distribution channels, having already invested $5 billion in the U.S., including a $775 million investment in Rumble Inc.