Tether CEO Paolo Ardoino and Advisor Bo Hines Talk About Stablecoins in the U.S.

Tether Steps Up in U.S. After New Stablecoin Law

Tether, the largest stablecoin issuer of USDT, is strengthening its presence in Washington after reporting record profits and following the first U.S. law on stablecoins.

The company made $4.9 billion in profit in Q2 2025, showing how powerful it has become in global finance. To help shape its U.S. strategy, Tether hired Bo Hines, a former White House official who helped create the new stablecoin law, as its advisor.

Why Bo Hines Joined Tether

Hines played a big role in pushing the GENIUS Act (the new U.S. stablecoin law) through Congress. He said he joined Tether because the company is one of the largest buyers of U.S. government debt, which he sees as helping the U.S. economy.

Tether’s CEO, Paolo Ardoino, said Hines was chosen for his ability to get things done in Washington across both political parties.

Tether’s U.S. Plans

Ardoino said Tether will invest more in the U.S. and work under the new rules. He also criticized rivals like Circle, saying they focus only on wealthy, already banked customers. In contrast, Tether wants to serve remittances and underserved markets.

Many migrant workers in the U.S. pay high fees (up to 28%) to send money home. Ardoino said Tether could make this cheaper and faster, especially in Latin America, Asia, and Africa, where USDT is already popular.

Hines added that U.S. businesses would also benefit from instant and low-cost cross-border payments.

Regulation and Growth

Tether has grown massively, from $5 billion in supply in 2020 to over $120 billion in 2024. Almost 40% of blockchain fees now come from USDT transactions.

Ardoino said regulators are watching closely, but Tether works with over 250 law enforcement agencies worldwide, including the FBI and Secret Service. He stressed that unlike failed projects like Terra Luna, Tether has proven it can survive crises.

Competition and Geopolitics

Ardoino argued that Tether has a strong first-mover advantage compared to bank-led stablecoins. He also noted that stablecoins are now part of global financial competition, as some countries—like China—try to reduce dependence on the U.S. dollar.

A report from the Atlantic Council also said stablecoins are becoming tools of geopolitical power.

Sports Angle

When asked about sports promotions, Hines named NFL players Jared Goff and Joe Burrow, while Ardoino mentioned Lionel Messi and Juventus. These were just personal opinions, not official partnerships.