Tether eyes U.S. expansion with new stablecoin as CEO courts Washington
DUBAI, United Arab Emirates — Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation.
In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans to issue a new dollar-pegged stablecoin in the U.S. as soon as this year. The move comes as Tether, once accused of being a criminal’s ‘go-to cryptocurrency’ – rebrands itself as a partner to American lawmakers and law enforcement.
“A domestic stablecoin would be different from the international stable coin,” Ardoino told CNBC’s Dan Murphy at the Token2049 conference in Dubai on Wednesday. “It depends on the…
