Crypto company Tether has announced plans for a U.S.-specific stablecoin, aiming to cater to the unique needs of the American market. CEO Paolo Ardoino revealed this intention during a CNBC interview on May 2, 2025. The company is poised to launch its domestic stablecoin following the progress of the GENIUS Act. Ardoino highlights that the new U.S. stablecoin will comply with regulations from the U.S., emphasizing stability and transparency for American consumers. This strategy follows a growing trend amongst global stablecoin companies like Tether, which are aligning their offerings with regulatory frameworks in the U.S., while navigating a rapidly evolving crypto landscape. The GENIUS Act’s clear guidelines on stablecoin reserves will play a pivotal role in shaping this new product and its launch timeline.