Tether Plans to Launch New Stablecoin Targeting American Institutions

Tether, the leader of USDT, is preparing a new American stablecoin aimed at financial institutions. This strategic project emerges as Washington progresses toward a regulatory framework for these dollar-backed digital currencies.

An American Stablecoin to Meet Institutional Needs

Tether is exploring the creation of a new “institutional-quality” stablecoin based in the United States, as revealed by Paolo Ardoino, the company’s CEO, in a statement to The Block.

Unlike USDT, Tether’s flagship stablecoin primarily used for trading and in emerging markets, this new digital currency will specifically target large regulated institutions.

Unlike the stablecoins we have developed to support emerging markets and financial inclusion, this one would be tailored to the needs of large regulated institutions, whose infrastructure requirements are very different.

This initiative marks a turning point for Tether, which, until now, does not offer its products to American clients according to its website. The goal would be to provide a solution for faster interbank settlements for financial institutions.

A Rapidly Evolving Regulatory Context

Two major bills are currently being examined in the American Congress: the STABLE Act in the House of Representatives and the GENIUS Act in the Senate.

President Donald Trump has urged lawmakers to pass these laws by August 2025, signaling a strong political will to structure the stablecoin market.

This development occurs in a context where Tether is significantly strengthening its position in traditional financial markets.

The company has recently become the 7th largest global holder of U.S. Treasury bonds, surpassing several nations like Canada and Taiwan, with investments amounting to $33.1 billion.

Meanwhile, Tether is facing challenges in Europe, where several exchanges, including Crypto.com and Coinbase, have delisted USDT from their European services to comply with the EU’s MiCA regulations.

To enhance its credibility, Tether has recently hired Simon McWilliams as the new CFO, tasked with leading efforts to obtain a full audit of its reserves. Ardoino has qualified obtaining an audit from one of the Big Four accounting firms (Deloitte, EY, PwC, or KPMG) as “top priority”.

With a total supply of approximately 145 billion tokens, USDT remains the largest stablecoin in the world, and this new initiative could further strengthen Tether’s position in the global financial ecosystem, at the intersection of traditional finance and the crypto universe.