Emre Yumlu 
Tether plans to launch a new stablecoin for the U.S. market this year if Congress passes the law, CEO Paolo Ardoino explains.
USDT’s New Move: A New U.S.-Compliant Stablecoin May Be on the Way
Tether, the world’s largest stablecoin issuer, is considering launching a new stablecoin compliant with U.S. laws, in case upcoming legislation bans USDT in the United States. The company’s CEO, Paolo Ardoino, told, “We can create a U.S.-compliant, payment-focused stablecoin.”
According to Ardoino, the current stablecoin USDT is ideal particularly for emerging markets. However, to comply with U.S. regulations, he states that they need to be present in the market with a different product: “We need to develop two products with two different value propositions.”
Tether Responds to Competitors: No Exit from the U.S., Strategy is Shifting
The STABLE Act and GENIUS Act advancing through the U.S. Congress require foreign-based stablecoin issuers like USDT to comply with the U.S. Bank Secrecy Act and submit to transparent reserve audits. However, Tether, which has not undergone a full audit so far, faces concerns that it may exit the U.S. market due to these requirements.
Tether’s CEO denies these claims and says competitors are making “desperation-scented” speculations. Speaking from the Cantor Fitzgerald office in the U.S., Ardoino noted that Tether’s U.S. Treasury reserves are custodied there.
Tether’s priority seems to remain emerging countries. Ardoino believes that even if USDT does not fully comply with U.S. regulations, it will continue trading on secondary markets. He also emphasized that USDT is unlikely to be banned on DeFi platforms such as Uniswap.
Is USDT Withdrawing from Europe Too? Tether’s Local Stablecoin Strategy
On the European side, Binance delisted USDT from its platforms in the EU. This led Tether to invest in local, regulation-compliant stablecoin projects in Europe using a similar strategy. Ardoino admits that in the long run, USDT may no longer play a major role in either the U.S. or Europe.
These developments show that Tether is reshaping its global strategy and following a flexible path in response to regulations.
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