Tether’s U.S. Stablecoin Could Launch Later This Year

Tether has plans to launch a stablecoin specifically designed for use by American institutions, though it's contingent on stablecoin legislation being finalized.

Bankless
May 2, 2025 • 1 min read

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Tether plans to debut a U.S.-focused stablecoin by 2025, aimed at institutional users and contingent on stablecoin legislation finalization.

What’s the Scoop?

Launch Timeline: Tether plans to launch a U.S.-focused stablecoin by late 2024 or early 2025, contingent on final stablecoin legislation.
Institutional Payment Product: Unlike USDT, the new stablecoin will target U.S. institutions and compete with services like PayPal CashApp.
Competitive Landscape: Tether’s move comes amidst advancing U.S. federal regulation and increasing competition in the stablecoin market.