Why It’s Good News for Crypto
By: cryptosheadlines|2025/05/03 06:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Tether, the world’s largest stablecoin issuer with over $143 billion in circulation, is preparing to enter the US domestic market with a new dollar-pegged stablecoin. With this new launch, Tether plans to compete directly with key players in the US stablecoin market like the Trump family-backed World Liberty Financial and its USD1 coin.Tether to compete with USD1CEO Paolo Ardoino revealed these plans during a CNBC interview at the Token2049 conference in Dubai. According to the CEO, the stablecoin will launch by the end of 2025. He also mentioned that the company’s US-focused stablecoin would be different from its international USDT offering. Its launch timeline is dependent on “the timeline of the final legislation.”The stablecoin landscape is becoming increasingly competitive as Tether prepares to challenge World Liberty Financial’s USD1, a stablecoin initiative backed by Eric Trump and Donald Trump Jr. Eric Trump has been quite vocal about crypto and even stated that crypto could replace SWIFT payment system.Tether’s planned entry into the US domestic market is a major move as the regulatory environment is changing under the current administration.World Liberty Financial has already announced its USD1 token, which promises to be fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. The token is initially planned for launch on Ethereum and Binance Smart Chain.Tether’s US market entry follows Ardoino’s increased presence in Washington, where he has engaged in meetings with lawmakers and participated in crypto industry events. This approach, characterized by some as a charm offensive, includes a private lunch with Senator Bill Hagerty and various networking activities with policy influencers.Tether mentioned legal cooperation as a central element of its messaging to US policymakers. “There is no company... even in the traditional financial system, that has such a breadth of collaboration with law enforcement,” Ardoino stated during his interview.Why the firm’s US launch could be good news for cryptoTether’s goal of entering the US market may create a more competitive cryptocurrency ecosystem, more transparency, and tie into reputable financial support. Joining Ardoino pointed out the strength of the company’s financials and operational transparency as an advantage, creating possible new industry standards.The stablecoin issuer has made notable developments on previous issues revolving around reserves. Per Tether’s most recent attestation report, the company reported it now has approximately $120B in US Treasuries; and the total assets amount at least to $149.27B with $143.68B in liabilities – creating at least a $5.6B surplus.Tether’s partnership with Cantor Fitzgerald to oversee its Treasuries gives the company some institutional credibility. Ardoino was careful to avoid a potential conflict of interest stating that he does not talk to Secretary Lutnick directly because of “proper walls,” but did say Tether has “great relationships with many people in the US and as well now in Washington.”The company’s quarterly growth metrics also show increasing adoption, with approximately 46 million new USDT wallets created during the most recent reporting period. This is a 13% increase from the previous quarter. This is an indication of growing user confidence despite past regulatory challenges. This includes an $18.5 million settlement with the New York attorney general in 2021 over allegations regarding misrepresentations about its reserves.As per Ardoino’s recent tweet, he expects a 10x projection for Tether in the next five years. He mentioned that Tether products could reach almost 3 billion people. The stablecoin’s growth could also be good news for crypto as 37% of the global users use USDT for savings, with an average daily volume of 30 billion.✓ Share: Vignesh Karunanidhi Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link
You may also like

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.

Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.

Oracle: The Second Battlefield Behind the Prediction Market War
By 2026, the oracle track has essentially evolved from the early "data pipeline" into a "verifiable facts layer" that supports the entire on-chain economy, and prediction markets serve as a magnifying glass to observe the competition in this red ocean.

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."
The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
Overview of Important Market Events on April 28

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic
This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi
Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital
Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products
Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed
In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?
Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

Deconstructing 80 mainstream payment institutions and wallets worldwide
A comprehensive analysis of the global top 100 payment companies. Led by Alipay and WeChat, this article provides insights into the business logic and competitive advantages of over 80 top players.

The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta
Countdown to the EU MiCA Licensing: Why do crypto giants like OKX choose Malta for their "first license"? A deep dive into the CASP license application process, business portfolio logic, and compliance pitfalls guide.

a16z Crypto: Stablecoins are rebuilding the global financial infrastructure
Stablecoins are evolving from cryptocurrency trading tools into a new infrastructure for global finance. They are not only changing cross-border payments but are also driving bank connectivity, corporate finance, foreign exchange liquidity, on-chain credit, and the globalization of the dollar into a...

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."
What are the differences between RWA 1.0 and RWA 2.0?

Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week
Overview of Important Market Events on April 27

The most Crypto group of people is becoming the least Crypto
Hong Kong Carnival × Bangkok Money 20/20 Observation Notes

MSTR STRC In-depth Study: The BTC Financing Flywheel Behind the 11.5% Yield
STRC is a well-designed financing tool that transforms fixed income demand into buying pressure for Bitcoin.
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.
Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.
Oracle: The Second Battlefield Behind the Prediction Market War
By 2026, the oracle track has essentially evolved from the early "data pipeline" into a "verifiable facts layer" that supports the entire on-chain economy, and prediction markets serve as a magnifying glass to observe the competition in this red ocean.
a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."
The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure
Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
Overview of Important Market Events on April 28
From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic
This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
