Nxum, co-founded by former White House crypto adviser Bo Hines, earned $6.3 million from a consulting deal with Tether. Hines, who held a one-third stake in Nxum while in government, shared stablecoin bill strategies with partners and advocated for a longer compliance period favoring Tether. Payments totaling $7.47 million were routed through a marketing firm, with Nxum receiving the majority after Hines left government. The GENIUS Act, establishing federal stablecoin rules, was signed in July 2025, and Hines joined Tether as a strategic adviser shortly after.
As of Oct 15, 2026 16:01 WIB, Tether's USDT is trading at Rp17.899 on Pluang with a slight 1-day increase of 0.03%. The stablecoin maintains a substantial market cap of Rp3.295,25 trillion and a 24-hour trading volume of Rp1.578,29 trillion. Despite the consulting deal news involving Nxum and Tether, Pluang's order activity shows a majority of 67% Sell orders, with typical hold times around 91 days.
Tether Capital has invested in AIsa, a platform that allows over 250,000 AI agents to autonomously pay for APIs, models, and data using stablecoins or fiat currency. AIsa charges per API call, supporting small, frequent payments that traditional paym...
In the past 24 hours, Bitcoin and Ether experienced significant net outflows of $324 million and $443 million respectively, indicating investors are pulling funds from these major cryptocurrencies. Meanwhile, stablecoins USDC and USDT saw net inflows...
Tether reportedly paid around $6.3 million to Nxum, a consulting firm partly owned by Bo Hines, a former senior White House cryptocurrency official. Hines helped advance the GENIUS Act, legislation affecting stablecoins like Tether, before leaving go...
Tether reportedly paid $6.3 million to Nxum, a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, while he was involved in advancing the GENIUS Act, a federal stablecoin regulation law. Hines retained ownership in Nxum du...
Tether sent about $6.3 million to Nxum, a consulting firm co-founded by Bo Hines, during the time he served as executive director of the White House's digital assets council. Hines later became CEO of Tether's US operations. This has raised conflict-...
