Upcoming Move by Tether to Enter the US Market

Tether has recently announced its intentions to enter the United States market, aligning its stablecoin, USDT, with the requirements of the GENIUS Act. The company plans to launch a new, compliant US-specific stablecoin by late 2025.

This new stablecoin will coexist alongside existing USDT, aiming to optimize cross-border payments and provide a competitive edge against other issuers. It will also undergo reserve-backed audit requirements, ensuring transparency and regulatory compliance.

Tether’s strategy emphasizes strict adherence to regulations, customer protection, and market stability as the US continues to scrutinize stablecoins more closely. This move is expected to enhance the adoption of US-based stablecoins by offering a transparent and legal option for users.

Tether’s Plans and Implications

As per Tether’s official press release, the company will comply with the GENIUS Act while launching this new, fully compliant US-specific stablecoin. The USDT will continue to serve its global user base, particularly in emerging markets, while the new coin will be subject to the stringent regulatory requirements outlined by the act.

This development is expected to facilitate easier cross-border transactions and provide U.S.-based companies and institutions with a competitive edge in international trade. The launch of this stablecoin aims to foster increased competition, innovation, and choice for consumers within the crypto market.