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Tether considers US-only stablecoin as Trump loosens crypto rules

Paolo Ardoino, the group’s chief executive, said it was involved in discussions about US rules on stablecoins and that the administration saw them as “an important instrument for the United States”.  At the moment $144b of tether tokens are in circulation but the company does not accept customers in the US.

Ardoino said that, if the new rules “make [US] domestic stablecoins competitive, there could be an interest from Tether to create a domestic stablecoin in the US,” adding that it...

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crypto, stablecoins, us