Tether Launches New Stablecoin for Institutional Use in Response to US Legislation

Tether is planning to launch a new stablecoin designed specifically for institutional use within the U.S. According to CEO Paolo Ardoino, this follows recent momentum in Congress toward passing a national framework for stablecoins. Ardoino elaborated that this new product will be distinct from Tether’s existing offerings, which primarily cater to developing markets and retail trading. Instead, it aims to address the needs of large financial institutions seeking faster and more efficient settlement tools.