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