Tether, the company behind the $ 148 billion USDT, plans to launch its stablecoin focused on the United States later this year or at the start of 2026 depending on the country’s stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview.
“In a realistic way, it depends on the calendar of the final legislation on the stabbed, but we look [launching the product] At the end of this year or at the start of next year at the fastest, “he said.
Ardoino said that the company’s flagship USDT token is welcomed for emerging market users with limited access to US dollars, and that the new offer would be a different product.
“In the United States, you need to create a payment product, something that could be used by institutions, something that can be used as a PayPal Cashapp competitor,” he said in the interview. “This is what we are targeting.”
Stablecoin’s plans in the United States of Tether highlight the growing presence of the company in the United States while Donald Trump’s return to the White House has appeased the regulatory pressure on cryptographic companies.
Ardoino toured the United States earlier this year, giving interviews and speaking at events, especially during a Wall Street investment bank conference, Cantor Fitzgerald. Cantor manages more than $ 100 billion in US treasury, while the former CEO Howard Lutnick is now a trade secretary in the Trump administration.
Competition also increases in the Stablescoin market as an American federal legislative effects to regulate the advance of stablescoins. This is a great opportunity: Citi has planned that the sector could reach a dollar of several thieves by the end of the decade.
Read more: The American Senate is moving towards action on the Stablescoin bill
The company Rivale Circle, transmitter of the $ 62 billion USDC token, announced its intention last month to create a cross -border network of payments and funds.
