Tether Eyes New Stablecoin Amidst US Regulatory Scrutiny

Amid heightened scrutiny from U.S. regulators, Tether is taking proactive steps to ensure compliance with upcoming stablecoin regulations. According to PANews, Paolo Ardoino, CEO of Tether, dismisses concerns regarding a potential ban of USDT in the United States. Tether is actively exploring the development of a new stablecoin registered within the US that aligns with these regulatory standards. Ardoino suggests that this new offering will cater to distinct market segments and may even replace the dominance of USDT in the US and European markets.