Tether Plans U.S.-Focused Stablecoin Launch by Year-End or Early 2026
Tether plans to launch a U.S.-focused stablecoin by late 2025 or early 2026, contingent on stablecoin legislation, according to CEO Paolo Ardoino.
- The new stablecoin aims to compete with payment products like PayPal's CashApp.
- Current USDT is primarily for users in emerging markets with limited access to U.S. dollars.
- Tether's U.S. expansion comes amid reduced regulatory pressure following Donald Trump's return to the White House.
- Ardoino has been actively engaging with U.S. stakeholders, including at a conference hosted by Cantor Fitzgerald.
- Competition in the stablecoin market is intensifying as U.S. legislative efforts advance.
- Citi projects the stablecoin sector could grow to a multi-trillion dollar market by 2030.
- Circle, issuer of USDC, recently announced plans for a cross-border payments network.