logo

Tether eyes US stablecoin launch later this year: report

By: bitcoin ethereum news|2025/05/03 01:00:13
0
Share
copy
Tether, the world’s largest stablecoin issuer, is planning to launch a U.S.-based dollar-pegged stablecoin as soon as this year, CEO Paolo Ardoino told CNBC. The move coincides with his increased lobbying efforts in Washington, D.C., aimed at influencing crypto regulation as pro-crypto sentiment grows under former President Donald Trump’s allies, according to CNBC reporting. Speaking at the Token2049 conference in Dubai, Ardoino emphasized that the upcoming domestic stablecoin would be separate from Tether’s (USDT) existing international products. He said the launch could happen by year-end or early 2025, depending on the outcome of pending legislation. Tether’s dance in Washington Ardoino has been making rounds in Washington, including a Capitol Hill lunch with Senator Bill Hagerty and private meetings with lawmakers. His efforts appear to align with the GOP’s GENIUS Act, which could ease U.S. operations for foreign stablecoin issuers that cooperate with law enforcement. Tether, headquartered in El Salvador, has a checkered history with regulators. In 2021, it paid $18.5 million to settle claims it misled the New York attorney general about its reserves. Today, the company claims it holds nearly $120 billion in U.S. Treasuries, overseen by Cantor Fitzgerald. Its Q1 audit showed it had $5.6 billion in excess reserves, down from $7 billion at year-end. The firm’s U.S. expansion coincides with news that Eric and Donald Trump Jr. plan to launch their own dollar-backed stablecoin through a venture linked to their father’s political brand, potentially setting the stage for a domestic stablecoin arms race. Source: https://crypto.news/tether-eyes-us-stablecoin-launch-later-this-year-report/

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

22:42

Data: If BTC breaks through 81,753 USD, the cumulative short liquidation intensity on mainstream CEX will reach 1.917 billion USD

According to Coinglass data, if BTC breaks through $81,753, the cumulative short liquidation intensity on mainstream CEX will reach $1.917 billion. Conversely, if BTC falls below $74,209, the cumulative long liquidation intensity on mainstream CEX will reach $1.769 billion.
22:42

Data: If ETH breaks through 2,426 USD, the cumulative short liquidation intensity on mainstream CEX will reach 948 million USD

According to Coinglass data, if ETH breaks through $2,426, the cumulative short liquidation intensity on mainstream CEX will reach $948 million. Conversely, if ETH falls below $2,199, the cumulative long liquidation intensity on mainstream CEX will reach $942 million.
22:42

The final value of the one-year inflation rate expectation in the U.S. for April is 4.7%

According to Jinshi, the final value of the one-year inflation rate expectation in the United States for April is 4.7%, lower than the market expectation of 4.8% and also lower than the previous value of 4.8%.
22:42

Informed sources: The U.S. Department of Justice is expected to terminate the criminal investigation into Federal Reserve Chairman Powell as early as Friday

According to ABC News, multiple sources have revealed that the U.S. Department of Justice is expected to terminate the criminal investigation into Federal Reserve Chairman Powell as early as Friday.
22:42

AI trading agency platform Fere AI completes $1.3 million financing, led by Ethereal Ventures

AI digital asset trading agency platform Fere AI announced the completion of a $1.3 million financing round, led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures.The platform supports cross-chain networks such as Ethereum, Solana, and Base, allowing users to descr...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com