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Tether’s U.S.-Focussed Stablecoin Could Launch Later This Year, CEO Paolo Ardoino Says

CoinDesk LogoCoinDesk1d ago

Tether’s U.S.-Focussed Stablecoin Could Launch Later This Year, CEO Paolo Ardoino Says - CoinDesk

Quick Summary:

The company's U.S.plans depend on the final stablecoin legislation, and is aiming to create a "payment product" that institutions can use, Paolo Ardoino said in a CNBC interview.

Rival firm Circle, issuer of the $62 billion USDC token, last month announced plans of creating a cross-border payments and remittances network.

Treasury holdings, while former CEO Howard Lutnick now serves as Secretary of Commerce in the Trump administration.

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Tether’s U.S.-Focussed Stablecoin Could Launch Later This Year, CEO Paolo Ardoino Says - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 12:46:20 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28320939

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The outlet is headquartered in United States and publishes an average of 4 news stories per day.

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