Tether Launches a New Dollar-Pegged Stablecoin Based in the United States

Stablecoin issuer Tether is planning to launch a new dollar-pegged stablecoin in the United States that will comply with domestic regulatory requirements and operate independently from the existing USDT, according to a report by Token2049.

The development was announced by Tether’s CEO, Paolo Ardoino, at the Token2049 Dubai event on Wednesday. Ardoino said that Tether has been working closely with U.S. regulators to create a fully compliant stablecoin, which could be released later this year or in 2026.

According to CNBC, the upcoming stablecoin will be tailored specifically for the U.S. market and will differ from Tether’s international offering.

The news comes after reports last year claimed that Tether was being probed by authorities over alleged links to criminal activities. In response, billboards appeared in Times Square, New York, accusing the stablecoin issuer of being the next FTX.

Earlier, Tether faced scrutiny over the transparency of its reserves. In 2021, the company reached an $18.5 million settlement with the New York Attorney General following allegations that it had misrepresented the assets backing its stablecoin. Since then, Tether has begun publishing independent assurance reports and has maintained significant holdings in U.S. Treasury securities, managed by the well-known financial firm Cantor Fitzgerald.

During his keynote speech at Token2049, Ardoino expressed frustration over news articles that year after year report on Tether being investigated by the U.S. government.

“We are working with them. We report suspicious activity to the authorities in every jurisdiction in which we operate,” said Ardoino, adding that the company tracks down and reports criminals who misuse cryptocurrencies, including USDT.

“We do not want to see this, but unfortunately, it’s part of the fabric of the industry.”

What Does This Mean for Tether?

The proposed U.S.-based stablecoin would provide Tether with a strategic entry point into the American market, especially in light of the GOP-backed GENIUS Act. This legislation permits Tether and other foreign stablecoin issuers to operate in the U.S. if they collaborate with law enforcement and comply with regulatory frameworks.

Amid this evolving regulatory environment, Tether’s CEO has reportedly become a frequent presence in Washington. Ardoino is said to have engaged in numerous private meetings and social gatherings with lawmakers and key figures in the crypto industry.

Ardoino’s active role in engaging with regulators and peers underscores Tether’s initiative to navigate the complex regulatory landscape and contribute to the healthy development of the cryptocurrency ecosystem.

According to a recent report by CCData, Tether has been performing exceptionally well, with key highlights released at Token2049. As of March 31, 2025, the company had issued 143.6 billion USDT and recorded an average daily volume of $30 billion.

The company is also making strategic investments to further solidify its position. Recently, Teater invested in Fizen Limited to support self-custody and stablecoin payments.

The investment reflects Tether’s commitment to maintaining a healthy portfolio diversification strategy as it looks toward future growth.