Tether Routed Payments to Hines’s Firm During White House Tenure, WSJ Reports

The Wall Street Journal reports that Tether routed payments to a firm tied to Dale Hines, earning $6.3 million during his White House tenure. A representative for the firm said Hines received no Tether-derived funds while in government. The story raises governance and conflict-of-interest questions around the largest stablecoin issuer, which traders may weigh as a headline risk for USDT and broader crypto sentiment.