Tether is set to release a stablecoin exclusive to the US market shortly. This initiative is a reaction to President Donald Trump’s supportive stance on cryptocurrency regulation, despite Tether already having $144 billion in tokens circulating globally but not servicing US customers.

“We are the boots on the ground,” Tether’s CEO, Paolo Ardoino, stated during an interview with MarketWatch, expressing their goal to build an extensive distribution network for the US dollar in history.

A report from the Financial Times indicated that Ardoino mentioned possible competitiveness of US domestic stablecoins under new regulations, hinting at Tether’s interest in establishing a domestic stablecoin as a settlement currency.

Tether’s Discussions With US Administration Progresses

Ardoino emphasized the need for support from US regulations: “It’s already hard out there, and we need some backup from the US.” He confirmed that Tether is in talks regarding regulations that could position these digital assets as vital instruments for America.

Ardoino Seeks First-Ever Full Audit

Tether is pushing for its inaugural complete audit by one of the Big Four firms, citing the importance of transparency in their operations. Ardoino indicated that if this becomes a US priority under the current Administration, they are optimistic about outcomes.

Key Takeaways

• The forthcoming US-specific Tether token marks a significant shift within the cryptocurrency sector, potentially placing one of the industry’s key players directly into the US marketplace.
• Tether’s US expansion could enhance options for dollar-pegged stablecoins and potentially alleviate previous compliance concerns outlined by regulators.