Tether Is Considering Launching a New Stablecoin in the U.S., Specifically Aimed at Institutional Clients.

CEO Paolo Ardoino revealed that the initiative is motivated by recent legislative progress in the U.S., which could soon establish clearer guidelines for stablecoin issuers.

Tether, the issuer of the largest stablecoin in the crypto market, is considering launching a new stablecoin in the U.S., specifically targeting institutional clients and aligning with the country’s advancing legislation on stablecoin issuers.

In an interview with Blockेश्वर, Tether CEO Paolo Ardoino revealed that the firm is exploring the possibility of introducing a stablecoin catering to the needs of large, regulated institutions.

“We are evaluating the opportunity to launch a stablecoin specifically designed for the U.S. institutional market,” Ardoino stated.

He explained that such a product would offer faster settlement between banks, catering to the requirements of the target audience.

This initiative follows recent progress in the U.S. Congress, where lawmakers from both the House and Senate are working on including stablecoin legislation in the upcoming omnibus bill.

Two key bills, the STABLE Act in the House and the GENIUS Act in the Senate, aim to set clear guidelines for private stablecoin issuers, an area that has been subject to mixed opinions among lawmakers.

President Trump has urged legislators to reach an agreement by August, after which both chambers will need to consolidate their versions of the bill before final approval.

“I think it’s a major step that we're seeing in the U.S. to try to get to a point of, let's say, more thoughtful regulation and also recognition of stablecoins within the financial sector,” added Ardoino.

Tether, known for its flagship Tether (USDT) stablecoin, has faced ongoing scrutiny regarding its reserve transparency. The company has been releasing quarterly attestations through BDO Italia and recently appointed Simon McWilliams as CFO to push for more comprehensive financial verification, aiming to involve one of the Big Four accounting firms.

Meanwhile, Tether’s main competitor, Circle, has been conducting regular audits of its USDC reserves through Deloitte since 2022, previously working with Grant Thornton.

Despite the challenges, Tether remains the largest stablecoin issuer globally, with around 145 billion USDT tokens in circulation.

The potential new U.S.-based stablecoin would mark an important step in expanding Tether’s offerings to meet institutional demand while aligning with the evolving regulatory environment.