Tether Preps U.S. Stablecoin Launch, CEO Says It Outpaces TradFi in Enforcement

As the saying goes, everything old is new again. Back in 2023, rumors swirled that Tether was planning to launch a new stablecoin that would be subject to U.S. regulation. At the time, reports indicated that the firm was in talks with multiple U.S. state regulators to discuss the possibility.

Now, at the Token2049 conference in Dubai, Tether chief executive Paolo Ardoino confirmed that the firm is still planning to introduce a new stablecoin for the U.S. market this year.

Speaking with CNBC at the conference, Ardoino noted that the launch is slated for year-end 2025 at the fastest.

“A domestic stablecoin would be different from the international stablecoin,” Ardoino explained. “It depends on the timeline of the final legislation … but we are looking at that by the end of the year, or early next year at the fastest.”

Earlier this year, Tether scored a major win after the U.S. District Court in New York dismissed a lawsuit from an investor who claimed the firm’s assertions about its reserves were false.

The lawsuit was filed in 2026 by a hedge fund investor, known only as Jane Doe, who alleged that Tether’s assertions about the source of its reserves were false. The investor stated that she purchased large amounts of Tether tokens in 2024 and 2025, relying on the firm’s representations that its tokens were fully backed by "legitimate deposits in a high-yield, liquid bank account and/or short-term U.S. Treasury bills."

However, the judge presiding over the case ruled that the investor had failed to sufficiently demonstrate that Tether’s statements were part of a plan to deceive investors.

The case arose in the wake of a 2023 announcement by Tether that it would be launching a new stablecoin that would be subject to U.S. state regulation. At the time, reports indicated that the firm was in talks with multiple U.S. state regulators to discuss the possibility.

Those plans appear to still be in motion, with Ardoino adding that Tether is largely immune to market cycles. He also stated that no other company has worked with law enforcement as extensively as his firm.

“There is no company … even in the traditional financial system, that has such a breadth of collaboration with law enforcement,” Ardoino said.

“We are always trying to do better and more to block criminal activity … we have much better tools than the traditional financial system and we’re proving that everyday.”

As the world's largest stablecoin, with $148.94 billion in circulation, Tether is a major force in the crypto market. Its plans to launch a new U.S.-regulated stablecoin are sure to be followed closely by industry insiders.

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