Tether plans US-based stablecoin launch by 2025

Tether is set to launch a US-based, dollar-pegged stablecoin, according to CEO Paolo Ardoino. The stablecoin , expected by the end of this year or early 2025, will be separate from the company’s existing international products.

Ardoino’s push for the US launch comes amid his active lobbying efforts in Washington, DC, where he has met with lawmakers, including Senator Bill Hagerty.

His advocacy aligns with the GENIUS Act , which could support foreign stablecoin issuers that cooperate with law enforcement.

Despite facing regulatory challenges in the past, Tether now claims $120 billion in US Treasuries and $5.6 billion in excess reserves.

The firm’s US expansion comes as Eric and Donald Trump Jr. also plan to launch a dollar-backed stablecoin, potentially igniting a competitive race in the domestic stablecoin market.

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