Tether Considers New Stablecoin Amidst US Regulatory Changes

In the face of mounting regulatory pressure, Tether CEO Paolo Ardoino has revealed plans to introduce a new U.S.-domiciled stablecoin as a potential solution. The company is anticipating stricter regulations on stablecoins and the imminent ban of USDT in the United States. 🌎 This move comes amidst a global push for stablecoin-specific regulations as various jurisdictions seek control over their financial systems. Binance’s recent decision to delist USDT from European platforms serves as a prime example of this evolving landscape.