Tether’s US-only stablecoin may become a reality sooner rather than later.
Despite having $144 billion of tokens in circulation globally, Tether, the issuer of the world’s largest stablecoin (USDT), currently does not accept customers in the US. However, Tether’s US-exclusive stablecoin comes as a response to President Donald Trump’s vocally favourable stance towards cryptocurrency regulation.
“We are the boots on the ground,” Tether Chief Executive Paolo Ardoino told MarketWatch recently, “building the biggest distribution network, physical and digital, for the US dollar ever in the history of humanity.”
According to a 7th April 2025 FT report, Ardoino said that if the new rules make US domestic stablecoins competitive, there could be an “interest from Tether to create a domestic stablecoin in the US, calling it “basically a settlement currency.”
“We are the boots on the ground,” Tether Chief Executive Paolo Ardoino told MarketWatch, “building the biggest distribution network, 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 Discussions With US Administration Progresses
Talking about the importance of supporting dollar stablecoins, Ardoino said, “It’s already hard out there, and we need some backup from the US.”
He revealed that the company is engaged in discussions about US regulations on stablecoins, which the administration views as “an important instrument for the US.”
Based on how these discussions pan out, Tether could create a token specifically designed for the US market that would function “basically as a settlement currency.”
The El Salvador-based company has gained confidence in the changing regulatory climate under Trump, who has pledged to make the US “the crypto capital of the planet” and called for new stablecoin rules to be ready by August 2025.
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Ardoino Seeks First-Ever Full Audit
Tether is actively pursuing its first comprehensive audit with the big four accounting firms—KPMG, PwC, Deloitte, and EY.
“If the President of the US says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that,” said Tether CEO.
According to a Reuters report dated 24 March 2025, Ardoino said transparency and the audit is the company’s top priority. “Now we are living in a landscape where it’s actually feasible,” he added.
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Key Takeaways
- The possible introduction of a US-specific Tether token represents a notable development in the cryptocurrency space, potentially bringing one of the market’s most influential players into direct operation within the US.
- Tether’s potential US expansion could provide additional options for dollar-pegged stablecoins while potentially addressing some of the compliance concerns that have surrounded the company in the past.
The post Tether’s US-Exclusive Stablecoin To Be A Reality Soon appeared first on 99Bitcoins.
