Tether Plans US Return with New Dollar-Pegged Stablecoin
- Tether is launching a new stablecoin pegged to the US dollar by the end of the year.
- CEO Paolo Ardoino confirmed the plan, aiming to improve Tether’s image with law enforcement.
- Tether has been involved in shaping legislation like the GENIUS Act for stablecoin guidelines.
- The company holds approximately $120 billion in U.S. Treasuries, managed by Cantor Fitzgerald.
- Tether paid $18.5 million to New York in 2021 over reserve misrepresentation allegations.
Tether, headquartered in El Salvador, plans to launch a new US dollar-pegged stablecoin and holds about $120 billion in U.S. Treasuries as part of its reserves strategy.
Source (2.6)https://dailyhodl.com/2025/05/02/tether-looking-to-come-back-to-the-us-with-new-dollar-pegged-stablecoin-report/?rand=59076
