Tether, the entity behind the leading stablecoin USDT, may be considering the launch of a new token catered specifically for the U.S. market, as reported by the Financial Times on Monday.
Paolo Ardoino, Tether’s CEO, indicated that the firm has been engaging in talks regarding stablecoin regulations in the U.S. and stated that the potential creation of a U.S.-specific token would depend on the outcomes of these discussions. He mentioned that if new regulations are implemented that enhance the competitiveness of U.S. stablecoins, Tether might take an interest in developing a domestic stablecoin, which would essentially serve as a settlement currency.
Ardoino further noted that, during the Trump administration, stablecoins were regarded as a significant tool for the United States.
Stablecoins are digital assets tied to traditional financial instruments, most frequently the U.S. dollar. Regulatory proposals put forth by President Trump’s administration may include requirements for foreign entities trading cryptocurrencies to adhere to U.S. laws.
Tether has yet to provide further comments on this matter.