
Tether plans a 'U.S.-only stablecoin and payment platform', targeting everyday consumer transactions.
The initiative aligns with the Trump government's pro-crypto stance, aiming to support U.S. leadership in digital assets.
Tether's CEO, Paolo Ardoino, is working with the U.S. law enforcement agencies for project execution at the earliest.
Speaking at the Token2049 conference in Dubai, Tether CEO Paolo Ardoino
Paolo Ardoino Paolo Ardoino holds the position of Chief Executive Officer at Tether and Chief Technology Officer at Bitfinex, a leading crypto exchange firm. His enthusiasm for cryptography was ignited during his military research, which subsequently inspired him to establish Fincluster in London. He progressed from the position of senior developer to that of Chief Technology Officer at BitFinex in the year 2016. Under his guidance, Bitfinex introduced significant features such as staking, custody services, a peer-to-peer streaming protocol, and a market surveillance tool.
Quick Facts Full name Paolo Ardoino Birth 1984, Cisano sul Neva, Italy Nationality Italian Education Computer Science Degree from the University of Genoa Wife/Partner Claudia Lagorio Net worth $9.5 B
Experience CEO at Tether from Dec 2023 to present.
CTO from Dec 2017 to Apr 2024.
CTO at Bitfinex from Mar 2015 to Present.
Lead software engineer from Oct 2014 to Feb 2015.
Chief strategy officer at Holepunnch from January 2020 to present.
Partner at Fincluster from 2012 to 2015.Senior full-stack developer at Frame Asset Management from 2010 to 2012.
Joint Founder at Involutive snc from jan 2007 to Apr 2009.
Web programmer at Freelance Consultant from 2003 to 2008. EntrepreneurDeveloper/ProgrammerFinanceChief Technology Officer revealed the company is exploring a U.S.-only stablecoin and a blockchain-based payment system tailored specifically for American users.
A Strategic Shift Backed by U.S. Crypto Policy
This move aligns with the Trump administration’s pro-crypto stance, which aims to position the United States as a global leader in digital asset innovation. Tether is now leveraging this regulatory tailwind to develop tools that can bridge traditional finance and crypto adoption in the U.S.
Ardoino explained that while USDT is used globally as a savings instrument, the new U.S.-based stablecoin would function more like a digital checking account. This signals a broader vision—integrating stablecoins into everyday transactions rather than just for storing value.
Tether is working closely with U.S. law enforcement and pursuing a full financial audit from major accounting firms to ensure transparency and regulatory compliance.
Tether’s Push Comes As Congress Eyes Stablecoin Regulation
Tether’s move coincides with U.S. Congress reviewing new legislation aimed at regulating stablecoins, potentially giving local issuers a clear legal framework. This could provide the ideal environment for Tether’s expansion.
By taking a compliant-first approach, Tether is placing itself at the heart of upcoming regulatory frameworks while continuing to grow its market influence.
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Could This Spark Mass Crypto Adoption?
The launch of a U.S.-exclusive Tether stablecoin may accelerate mainstream cryptocurrency adoption by instilling more trust and usability among American consumers. It could also serve as a model for other fintech companies looking to enter the digital asset space under friendly regulations.
This new offering could redefine how Americans interact with stablecoins—shifting from speculation to utility in daily finance.
What’s Coming Next?
According to Ardoino, the new stablecoin could launch by the end of this year or early next year. The move is expected to shake up the stablecoin landscape, introducing fresh competition and innovation in the U.S. market.If successful, Tether’s U.S. stablecoin will not only strengthen its leadership in the crypto space, but also inspire more firms to expand in the country amid favorable policy shifts.
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