Tether Bets on U.S. as Senate Nears First Stablecoin Law 

Tether, the issuer of the world’s largest stablecoin USDT, plans to launch a new stablecoin tailored for the U.S. market, as the GENIUS Act, Washington’s first serious attempt at stablecoin regulation, nears a final Senate vote. New Stablecoin, New Rules In his interview with Bloomberg, Tether’s CEO, Paolo Ardoino, confirmed that Tether's planned U.S. stablecoin would feature different functionalities from USDT to remain competitive in the U.S. economy.  Ardoino did not reveal any specific details, except that before launching Tether’s U.S.-specific stablecoin, the company wants the GENIUS Act to be passed to ensure regulatory clarity. On May 19, 2025,

Continue reading on DailyCoin.