Tether may launch a new stablecoin specifically in the U.S. domestic market

According to the UK's Financial Times, Tether, the issuer of stablecoin USDT, may launch a new token specifically for the United States. In an interview, Tether CEO Paolo Ardoino said that the company has been involved in discussions about U.S. stablecoin regulations and might create a token solely for the U.S., depending on how these discussions progress.

Ardoino stated that the Trump administration views stablecoins as "an important tool for America." If new rules make U.S. stablecoins competitive, Tether might be interested in creating a "domestic" American stablecoin which would essentially be a "settlement currency".