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Tether to Launch US-Only Stablecoin Following Trump’s Regulatory Support
In a significant move, Paolo Ardoino, CEO of Tether, has revealed plans for the company to launch a new US-only stablecoin separate from its existing USDT. The announcement comes as the global financial landscape is shifting in response to regulatory pressures and growing demand for digital currencies.
The US-based stablecoin, which will be designed specifically for the American market, reflects the growth of Tether’s influence in this sector. With over $20 billion in profit that has not been distributed to shareholders, the company appears well-positioned to capitalize on these regulatory developments.
As Ardoino emphasized during an interview, Tether’s expansion plans are driven by Trump’s regulatory support for digital currencies. The CEO stated, “We have $20 billion in profit that we did not distribute to the shareholders. So I’m pretty sure that we can move at the speed of light.”
Source: https://coincentral.com/tether-to-launch-us-only-stablecoin-following-trumps-regulatory-support/
