Tether’s New U.S. Stablecoin Set to Launch Amid Trump’s Pro-Crypto Push

Tether CEO Paolo Ardoino announced plans for a new U.S. dollar-backed stablecoin during his keynote at the Token2049 conference in Dubai. The move comes as former President Donald Trump ramps up pro-cryptocurrency rhetoric ahead of the 2024 election cycle.

Ardoino, who serves as both Tether’s CEO and Bitfinex’s CTO, revealed limited technical details but emphasized compliance with U.S. regulations. The stablecoin issuer continues expanding its product suite despite ongoing scrutiny about reserve transparency.

The launch coincides with growing institutional interest in dollar-pegged digital assets, particularly among traders seeking alternatives to traditional banking channels. Tether’s USDT remains the dominant stablecoin with over $110 billion in circulation.