Tether Considers Launching U.S.-Based Stablecoin for Institutional Clients

Tether is considering launching a new stablecoin in the U.S., specifically aimed at institutional clients.

CEO Paolo Ardoino revealed that the initiative is motivated by recent legislative progress in the U.S., which could soon establish clearer guidelines for stablecoin issuers. Unlike Tether’s existing products, which focus on financial inclusion in emerging markets, this new stablecoin would cater to the needs of large, regulated institutions, offering faster settlement between banks.

The idea comes as U.S. lawmakers move closer to implementing stablecoin regulations. Two key bills are advancing through Congress: the STABLE Act in the House and the GENIUS Act in the Senate.

President Trump has urged legislators to reach an agreement by August, as both chambers will eventually need to consolidate their versions before final approval. Ardoino sees this as a major step toward thoughtful regulation, highlighting the recognition stablecoins are gaining in the financial sector.

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Tether, known for its flagship stablecoin USDT, has faced ongoing scrutiny regarding its reserve transparency. The company has released quarterly attestations through BDO Italia but has not yet secured a full independent audit. Recently, Tether appointed Simon McWilliams as CFO to push for more comprehensive financial verification, aiming to involve one of the Big Four accounting firms.

Meanwhile, Tether’s main competitor, Circle, has been conducting regular audits of its USDC reserves through Deloitte since 2022, previously working with Grant Thornton. Despite the challenges, Tether remains the largest stablecoin issuer globally, with around 145 billion USDT tokens in circulation. The potential new U.S.-based stablecoin would mark an important step in expanding Tether’s offerings to meet institutional demand while aligning with the evolving regulatory environment.

Alexander Stefanov