0
0
News

Tether’s U.S. Stablecoin Could Launch Later This Year

Tether has plans to launch a stablecoin specifically designed for use by American institutions, though it's contingent on stablecoin legislation being finalized.
0
0
May 2, 20251 min read

Tether plans to debut a U.S.-focused stablecoin by 2025, aimed at institutional users and contingent on stablecoin legislation finalization.

What’s the Scoop?

  • Launch Timeline: Tether plans to launch a U.S.-focused stablecoin by late 2024 or early 2025, contingent on final stablecoin legislation.
  • Institutional Payment Product: Unlike USDT, the new stablecoin will target U.S. institutions and compete with services like PayPal CashApp.
  • Competitive Landscape: Tether’s move comes amidst advancing U.S. federal regulation and increasing competition in the stablecoin market.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.