- The launch reflects Trump’s administration’s view of stablecoins as a key asset for the US.
- The domestic stablecoin could be a crypto game-changer, enhancing crypto market stability.
Tether’s Chief Executive Officer, Paolo Ardonio, revealed that the company is considering launching a new token tailored for the US market.
According to the CEO, Tether is already discussing stablecoin regulations. However, this decision will depend on whether Donald Trump’s administration introduces new directives that endorse new market entrants.
Speaking to the FT, Ardonio shared that the current US administration sees stablecoin as “a significant tool for the country.” Therefore, launching a new stablecoin could serve as “basically a settlement currency” that will help domestic transactions under a compliant framework.
Ardonio highlighted that the USDT is already working with law enforcement. He said in a statement: “We are the only ones that are on board the FBI, on board the U.S. Secret Service. We work directly with the [Department of Justice] and we don’t wait for court orders to act, but we actually have a direct connection with the law enforcement”.
Although this decision is yet to be finalized, if actualized, it could strengthen Tether and elevate its presence within the US market.
See Related: Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000
Compliance Play Or Crypto Game-Changer?
According to industry experts, Tether’s plans to launch as a US-regulated stablecoin signal a shift toward compliance, aligning with the STABLE Act, which mandates stricter oversight for stablecoins.
This move could also stabilize the crypto market, alleviating overreliance on unbacked stablecoins and enhancing institutional adoption. Tether currently leads the stablecoin market, with over $144 billion in circulation. However, the company does not accept customers from the US.
