Stablecoin Shift Tether Eyes New USDT

Tether Considers New U.S.-Compliant Stablecoin Amid Legislative Changes

• Tether CEO Paolo Ardoino stated that USDT could be banned in the U.S. under new legislation.
• The company is exploring a U.S.-domiciled stablecoin to comply with American laws.
• Current U.S. bills require foreign issuers like Tether to follow strict anti-money laundering rules.
• Tether has not undergone a full financial audit, raising concerns among critics.
• USDT remains crucial for emerging markets and secondary markets in the U.S.

Tether is considering creating a compliant stablecoin for the U.S., while maintaining its focus on emerging markets where USDT is widely used, according to CEO Paolo Ardoino.