Crypto

Exclusive: Tether Explores Launching a US-Exclusive Stablecoin Amid High-Level Regulatory Discussions

Tether's Strategic Move Towards a US-Only Stablecoin

In a revealing interview with the Financial Times this Monday, Tether's CEO, Paolo Ardoino, shared insights into the company's contemplation of introducing a stablecoin exclusively for the United States market.

Engagement with the Trump Administration

Ardoino highlighted ongoing discussions with the Trump administration, which reportedly views the stablecoin ecosystem as a pivotal tool for the nation's financial infrastructure.

Potential Market Impact

With $144 billion worth of Tether tokens currently in circulation, the creation of a US-specific token could mark a significant shift in the company's strategy, especially considering Tether's current stance of not serving US customers.