Tether plans to introduce a stablecoin for institutional customers while US lawmakers work on regulations. President Trump urges passing a legal framework by August.
Paolo Ardoino, CEO of Tether, announced that the company is considering launching a new stablecoin based on the US dollar aimed at institutional customers. This move coincides with US lawmakers’ efforts to advance regulations that could provide a more transparent framework for stablecoin issuers. Ardoino stated that unlike Tether’s previous products, this new stablecoin will be designed to meet the needs of large institutions and legal entities. Two key bills are progressing in the US Congress, and President Trump has urged lawmakers to pass a legal framework by August. Tether is also working towards a full audit of its reserves by a major auditing firm.
