|
Getting your Trinity Audio player ready...
|
Key Takeaways:
- The passage of pro-stablecoin laws in the U.S. has created a more favorable regulatory climate for digital dollar-pegged assets.
- Tether is building a Wall Street-focused stablecoin tailored to U.S. regulations, while refusing to go public like competitors.
- Despite criticism, Tether remains the dominant player in the global stablecoin market, with growing traction in both emerging and institutional sectors.
The U.S. stablecoin landscape is rapidly evolving. With the recent passage of the GENIUS, CLARITY, and Anti-CBDC Acts, lawmakers have laid the groundwork for a more stable and innovation-friendly regulatory environment. Tether, the world’s largest stablecoin issuer, is now seizing this opportunity to expand into the American market—with a domestic, Wall Street-ready stablecoin in development.
Tether’s Strategic U.S. Reentry Gains Momentum
Speaking to CNBC, Tether CEO Paolo Ardoino confirmed that the company is actively working on a new U.S.-based stablecoin. This move marks a notable shift for Tether, which has traditionally operated outside the U.S. regulatory perimeter. Rather than going public like rival Circle, which recently saw a 500% stock surge, Tether is doubling down on its private strategy while targeting institutional adoption.
💥BREAKING:
— Crypto Rover (@rovercrc) July 27, 2025
TETHER CONFIRMS A NEW U.S. DOMESTIC STABLECOIN IS ON THE WAY, BUILT FOR WALL STREET. pic.twitter.com/v0hCD2sv2a
“In general we are not interested in becoming a public company,” Ardoino told Bloomberg, highlighting Tether’s intent to remain agile and strategically positioned.
JP Morgan and Wall Street Signal Growing Stablecoin Interest
The timing couldn’t be better. JPMorgan analyst Teresa Ho recently suggested that stablecoins may become foundational to financial infrastructure, especially as tokenization of real-world assets gains traction. JPMorgan itself has expressed interest in developing its own stablecoin products—further validating the sector’s growing relevance on Wall Street.
This convergence of financial giants and crypto innovators reflects the growing recognition that stablecoins could bridge traditional finance and decentralized technologies.
Tether Responds to Transparency Demands
Despite long-standing scrutiny over its reserves and audit transparency, Tether appears to be taking a more measured approach. Ardoino revealed that talks with auditing firms have resumed, signaling a willingness to meet institutional standards as it reenters the U.S. market.
Still, Tether isn’t abandoning its core markets. Emerging economies remain a strategic focus, where the company claims to have both technological and market leadership.
Also Read: Tether Mints $2B in USDT on Ethereum, Fueling Crypto Market Rally Speculation
While much of the crypto community buzzes about a possible altseason, metrics suggest otherwise. Bitcoin remains dominant, according to CoinMarketCap’s Altcoin Season Index. Nonetheless, Tether’s grip on the stablecoin sector is undeniable.
In June alone, Tether’s USDT handled $553.64 billion in transaction volume—more than double that of its closest rival, USDC, at $244.33 billion. This dominance reinforces its continued relevance even as new competitors and regulations enter the fray.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
