A newly formed super PAC, The Fellowship, has made its first major expenditure, spending $300,000 on advertising for a Republican candidate through a firm tied to Tether's US CEO. The PAC, which claims to be rooted in transparency, has been linked to Tether, a leading stablecoin issuer, although the company has declined to confirm the connection. The advertising effort is in support of Georgia Republican Clay Fuller, who recently won a special election and will require further campaign support for the upcoming primary and general election.
The payment to Nxum Group, a company co-founded by Bo Hines, has raised questions about potential self-dealing, although experts note that such practices are not necessarily prohibited under US campaign finance rules, as long as services are provided at fair market value.