Tether’s US-Only Stablecoin To Become A Reality Shortly
Tether’s stablecoin exclusive to the US may materialize sooner than anticipated.
Although Tether, the issuer of the dominant stablecoin (USDT), boasts $144 billion in tokens circulated worldwide, it currently does not cater to US customers. Nonetheless, the US-only stablecoin initiative from Tether is a reaction to President Donald Trump’s openly supportive attitude towards crypto asset regulations.
“We are the boots on the ground,” Tether CEO Paolo Ardoino stated to MarketWatch recently, “developing the largest distribution network, both physical and digital, for the US dollar in the history of humankind.”
In accordance with a 7th April 2025 FT report, Ardoino noted that should the new regulations render US domestic stablecoins competitive, Tether might express “interest in establishing a domestic stablecoin in the US, referring to it as essentially a settlement currency.”
“We are the boots on the ground,” Tether CEO Paolo Ardoino mentioned to MarketWatch, “building the largest distribution protocol, both physical and digital, for the U.S. dollar ever in the history of humanity.”https://t.co/SoDdg1duOe
— Paolo Ardoino
(@paoloardoino) April 5, 2025
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Tether’s Conversations With US Government Advances
Discussing the importance of backing dollar stablecoins, Ardoino expressed, “The situation out there is already challenging, and we require some price floor from the US.”
He disclosed that the company is involved in talks regarding US regulations concerning stablecoins, which the administration regards as “a crucial tool for the US.”
Depending on the outcomes of these discussions, Tether might develop a token tailor-made for the US trading market that would serve “essentially as a settlement currency.”
The company, based in El Salvador, has grown uptrend about the evolving regulatory environment under Trump, who has committed to positioning the US as “the crypto capital of the globe” and has advocated for new stablecoin regulations to be finalized by August 2025.
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Ardoino Pursues First Full Audit
Tether is in the process of obtaining its first thorough audit with leading accounting firms—KPMG, PwC, Deloitte, and EY.
“If the President of the United States indicates that this is a priority for the country, the Big Four auditing firms will have to take notice, and we are quite pleased with that,” stated Tether’s CEO.
According to a Reuters article from 24 March 2025, Ardoino said that transparency and the audit are the company’s main focus. “Now we find ourselves in a landscape where this is actually workable,” he added.
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Key Highlights
- The potential launch of a US-specific Tether crypto token signifies a major shift in the digital currency arena, likely propelling one of the industry’s most significant players into direct operation within the United States.
- Tether’s possible expansion into the US may offer additional alternatives for dollar-pegged stablecoins while also potentially alleviating some of the regulation issues that the company has faced in the past.
The article Tether’s US-Exclusive Stablecoin Set to Become a Reality Soon first appeared on 99Bitcoins.
