Tether May Create US-Only Stablecoin Under New Regulations: FT
Paolo Ardoino noted that if new rules are established “that make stablecoins competitive, then Tether may have an interest in developing an internal stablecoin.”
Author: Jamie Crowley | Edited by: Oliver Knight Updated: April 7, 2025 10:15 AM Published: April 7, 2025 10:15 AM
Key facts:
- According to the Financial Times, Tether may issue a new token specifically aimed at the US.
- Paolo Ardoino said the company was involved in discussions about US regulations on stablecoins.
- Rules being considered by President Donald Trump's administration include plans to require foreign issuers of cryptocurrencies to comply with U.S. laws.
Tether, which issues the world's largest stablecoin USDT, may offer a new token aimed at the United States, the Financial Times reported on Monday.
Paolo Ardoino said the company is actively involved in discussions about US stablecoin regulations and that a US token is possible depending on how those discussions develop, the FT reported, citing an interview with Tether's CEO.
Ardoino noted that if new rules are put in place “that make [U.S.] stablecoins competitive, then Tether may be interested in developing a domestic stablecoin” that would become “a de facto settlement currency.”
He added that the Trump administration views stablecoins as a “significant tool in the United States.”
Stablecoins are digital tokens that are pegged to the value of a traditional financial asset, most often the US dollar.
Rules being considered by President Donald Trump's administration include plans to require foreign issuers of cryptocurrencies to comply with U.S. laws.
Tether did not immediately respond to CoinDesk's request for comment.
