Tether Plans New U.S.-Based Stablecoin Complying with Regulatory Standards

Tether plans to launch a new dollar-pegged stablecoin in the United States, compliant with regulatory standards and separate from USDT. CEO Paolo Ardoino announced this initiative at Token2049 Dubai, aiming for a release either later this year or by 2026.

The new stablecoin will cater specifically to the U.S. market.
Tether is collaborating with U.S. regulators on the project.
Past investigations into Tether included allegations of links to criminal activities and issues with reserve transparency.
Tether reached an $18.5 million settlement with New York's Attorney General in 2021 over misrepresentation of reserves.
As of March 31, 2025, Tether issued 143.6 billion USDT and maintained total assets of 149.3 billion, with significant excess reserves.
The proposed stablecoin aligns with the GOP-backed GENIUS Act, allowing foreign stablecoin issuers to operate in the U.S. if they comply with regulations.
Tether has made strategic investments, including support for self-custody and stablecoin payments through its investment in Fizen Limited.