Tether's Compliance Adventure: Can It Conquer the U.S. with USAT? Introduction In August this year, Bo Hines resigned from his position on the White House Cryptocurrency Advisory Committee and quickly took over as CEO of Tether's newly established U.S. division. His mission is to launch USAT, a stablecoin that complies with the GENIUS Act. USAT will undergo monthly audits, and its reserves will be held entirely in cash and short-term U.S. Treasury securities, operating under the full oversight of federal banking regulators. Meanwhile, USDT continues to handle over $1 trillion in transactions each month, with reserves that include Bitcoin, gold, and secured loans. These assets are managed through offshore entities that have never undergone a full audit. The same company, two completely different product approaches. Last year, Tether made a profit of $13.7 billion with its 'seeking forgiveness, not permission' model. In contrast, Circle relied on #加密市场回调 .