Tether（USDT）計劃在2025年底之前推出美國市場的新產品

首席執行官保羅·阿多利諾（Paolo Ardoino）在4月30日接受CNBC採訪時說，世界上最大的Stablecoin發行人Tether計劃在2025年底推出新產品。

Tether, the issuer of the world’s largest stablecoin, is planning to roll out a new product for the U.S. market by the end of 2025, CEO Paolo Ardoino said in an interview with CNBC on April 30.

首席執行官保羅·阿多利諾（Paolo Ardoino）在4月30日接受CNBC採訪時說，世界上最大的Stablecoin發行人Tether計劃在2025年底推出新產品。

The launch timeline depends on progress in U.S. legislation around stablecoins, Ardoino said.

Ardoino說，發射時間表取決於穩定幣圍繞美國立法的進展。

“We are just exporters of what we believe to be the best product the United States ever created—that is, the U.S. dollar,” he told the outlet.

他告訴The Outlet說：“我們只是我們認為是美國有史以來最好的產品的出口商，即美元。”

Tether’s flagship token, USDT, has a market capitalization nearing $150 billion and dominates the global stablecoin market with a 66% share.

Tether的旗艦令牌USDT的市值接近1500億美元，並以66％的份額佔據了全球Stablecoin市場。

However, USDT adoption in the U.S. remains limited compared to its competitor, Circle’s USDC, which gained traction domestically, especially following Donald Trump’s election win in November 2024.

但是，與其競爭對手Circle的USDC相比，美國的USDT採用仍然有限，該公司在國內獲得了吸引力，尤其是在唐納德·特朗普（Donald Trump）在2024年11月贏得選舉之後。

Additionally, the company faced pressure over its lack of a full independent audit, a gap CEO Ardoino said they are working to close. The firm recently brought on Simon McWilliams as chief financial officer to push for an audit from one of the Big Four firms.

此外，該公司因缺乏全面的獨立審核而面臨壓力，GAP首席執行官Ardoino表示，他們正在努力關閉。該公司最近將西蒙·麥克威廉姆斯（Simon McWilliams）擔任首席財務官，以推動四大公司之一的一家審計。

Quarterly attestations from BDO Italia remain its current form of reporting.

BDO Italia的季度證明仍然是目前的報告形式。

USDT was originally created for use in underserved regions, such as rural areas in developing countries and small businesses outside Western financial systems, Ardoino said. He added that Tether is preparing a “different product” tailored for U.S. users.

Ardoino說，USDT最初是在服務不足的地區使用的，例如發展中國家的農村地區和西方金融系統以外的小型企業。他補充說，Tether正在準備為美國用戶量身定制的“不同產品”。

Tether remains the most profitable stablecoin issuer, earning close to $14 billion in net income in 2024. The company generates revenue by accepting U.S. dollars in exchange for USDT, which it then invests in high-liquidity assets like U.S. Treasuries.

Tether仍然是最有利可圖的Stablecoin發行人，在2024年賺取了近140億美元的淨收入。該公司通過接受美元以換取USDT而產生收入，然後它將其投資於美國國庫等高流動性資產。

While USDC has gained ground in recent months, Nansen noted in an April 25 report that the stablecoin market remains highly concentrated.

雖然USDC近幾個月來取得了基礎，但Nansen在4月25日的報告中指出，Stablecoin市場仍然高度集中。

“Despite the potential dispersion in stables, we believe this is a ‘winner-takes-most’ market dynamic,” the report said.

報告說：“儘管馬s上有潛在的散佈，但我們認為這是'贏家最多的'市場動態。”

The move comes as the U.S. House and Senate debate two competing proposals: the STABLE Act and the GENIUS Act. Both seek to define how stablecoin issuers operate, hold reserves, and interact with financial institutions.

此舉是因為美國眾議院和參議院辯論兩個相互競爭的提議：穩定的法案和天才法。兩者都試圖定義Stablecoin發行人如何運作，持有儲備並與金融機構互動。

President Donald Trump urged lawmakers to pass a final version by August.

唐納德·特朗普總統敦促立法者在八月之前通過最終版本。

Jeremy Allaire, co-founder of Circle, said he believes stablecoin issuers worldwide should be required to register with U.S. authorities, regardless of where they operate.

Circle的聯合創始人Jeremy Allaire表示，他認為全球企業的發行人都必須在美國當局註冊，無論他們在哪裡運營。

Allaire argued that firms issuing U.S. dollar-pegged stablecoins, like Circle’s USD Coin, should not be allowed to bypass American regulations while still serving U.S. customers.

Allaire辯稱，發行美元固定的Stablecoins（例如Circle的USD硬幣）的公司不應被允許在仍在為美國客戶服務的同時繞過美國法規。

Meanwhile, Tether is facing mounting pressure.

同時，繫繩正面向安裝壓力。

Tether CEO Paolo Ardoino claimed that both competitors and political forces are actively working to push Tether out of the market. He accused rivals of prioritizing efforts to “kill Tether” over improving their own products.

Tether首席執行官Paolo Ardoino聲稱，競爭對手和政治力量都在積極努力將Tether推出市場。他指責競爭對手優先考慮“殺死Tether”而不是改善自己的產品。

Tether has already been excluded from the list of approved stablecoin issuers under the European Union’s Markets in Crypto-Assets (MiCA) framework. Major exchanges like Kraken and Crypto.com are preparing to delist USDT and other non-compliant stablecoins in the European market in the coming months.

系泰特（Tether）已經被排除在歐盟市場以加密資產（MICA）框架下的批准的Stablecoin發行人名單中排除在外。像Kraken和Crypto.com這樣的主要交易所正在準備在未來幾個月內在歐洲市場上為USDT和其他不合規的Stablecoins提供。