Tether, whose headquarters is in El Salvador, is the world’s biggest stablecoin issuer, and its flagship USDT currently boasts a market cap of roughly $167 billion.
“I’m thrilled to join Tether at such a pivotal moment,” said Hines in a statement.
Hines previously told Fortune that he felt the administration had accomplished the president’s goal of making “the U.S. the crypto capital of the world” and wanted to pursue an executive-level private sector role in the industry. He had done limited work in crypto through his investment firm Nxum Capital, which he founded with his father and another partner.
By choosing Hines to helm its U.S. operations, Tether will deepen its foothold in the country—and with the Trump administration.
