- Tether to issue US Stablecoin by the end of 2025.
- CEO Ardoino Courts Washington to shape crypto laws.
- Tether holds $ 120B in Treasury, which boosts transparency
Tether, the world's largest manufacturer of Stablecoin, is preparing to launch a new US-based Stablecoin dollar by the end of 2025 or early next year. The CEO Paolo Ardoino broke the news at an interview at the token2049 conference in Dubai, where he emphasized the company's approach to a closer regulation of the United States.
The move was made during a visible pro-crypto turn in Washington during President Donald Trump's tenure. Ardoino plays a front-and-center transfer role, conducting meetings with lawmakers, participating in events at Capitol Hill, and developing relationships with crypto insider.
Washington's focus and legal approach
Tether, is trying to promote himself as an open and cooperation organization, compared to its chaos history. In 2021, the company paid $ 18.5 million to resolve allegations from New York Attorney General about misconceptions about its reserves.
Ardoino emphasized enhanced transparency and compliance with the company, noting that Tether holds nearly $ 120 billion in US wealth, with property managed by Cantor Fitzgerald. The company also maintains $ 7 billion in excess equity to manage volatility in the market.
Tether's affiliate with Cantor, whose management features children of US Commercial Secretary Howard Lutnick, has triggered some concerns about conflicts of interest. However, Ardoino maintains that there are steps in the area to prevent any ethical violations.
Meanwhile, the Genius Act.
Adding to the competition, Eric Trump and Donald Trump Jr. recently opened plans to introduce their US Stablecoin supported by World Liberty Financial.
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