Tether Considers U.S.-Only Stablecoin Following Regulatory Discussions
Tether, the issuer of USDT, may introduce a new token specifically for the U.S. The potential creation is linked to ongoing discussions about U.S. regulations on stablecoins.
- CEO Paolo Ardoino indicated interest in a domestic stablecoin if regulations enhance competitiveness.
- The proposed token would serve as a "settlement currency."
- The Trump administration considers stablecoins an important tool in the U.S. economy.
- Regulatory discussions include mandates for foreign crypto issuers to adhere to U.S. laws.
Stablecoins are digital tokens typically pegged to traditional assets like the U.S. dollar.