World’s biggest stablecoin issuer appoints US President Donald Trump’s former digital assets advisor

Tether Holdings SA has appointed Bo Hines, the former head of US President Donald Trump’s digital assets advisory council, as a strategic advisor. Hines will help coordinate the company’s expansion into the United States. Tether, an El Salvador-based company that is also the world’s biggest stablecoin issuer, stated that Hines will begin his new role immediately. A stablecoin is a type of cryptocurrency designed to mirror the value of assets like government-issued cryptocurrencies, commodities, or other cryptos, however, its stability isn’t guaranteed. Earlier this month, Hines resigned from his position as head of the White House Presidential Council of Advisers for Digital Assets.