Tether, the company behind the $148 billion Stablecoin USDT, is set to launch US-centric Stablecoin later this year or early 2026, depending on the country’s Stablecoin laws, CEO Paolo Ardoino told CNBC in an interview.
“Realistically, it depends on the final legislation timeline regarding stubcoins, but we’re considering it to be the fastest by the end of this year or early next year,” he said.
Ardoino said its flagship USDT tokens are geared towards users in emerging markets with limited access to the US dollar, and the new product will be a different product.
“In the US, you need to create payment products, which can be used by agencies that can be used as competitors for PayPal’s CashApp,” he said in an interview. “That’s what we’re aiming for.”
Tether’s US-based Stablecoin plan underscores the company’s presence in the US as Donald Trump’s return to the White House eased regulatory pressure on crypto companies.
Aldoino toured the US earlier this year, interviewed him, and spoke at events that included a meeting by Wall Street investment bank Cantor Fitzgerald. Cantor manages more than $100 billion in the US Treasury holdings, while former CEO Howard Lutnick is now serving as the Trump administration’s secretary of commerce.
Also, competition is increasing in the Stablecoin market as a US federal legislative effort to regulate Stablecoins’ advancement. That’s a great opportunity. City predicted that the sector could grow to trillions of dollars by the end of the decade.
Read more: US Senate moves towards Stablecoin Bill’s actions
Rival Circle, the issuer of the $62 billion USDC token, announced last month it plans to create a cross-border payment and remittance network.
