Tether Prepares Wall Street-Focused Stablecoin Amid Regulatory Tailwinds
Tether is accelerating its U.S. expansion with a new stablecoin targeting institutional investors, capitalizing on recent regulatory clarity. The passage of the GENIUS, CLARITY, and Anti-CBDC Acts has created a favorable environment for stablecoin innovation, prompting Tether to double down on its market leadership.
CEO Paolo Ardoino confirmed development of the Wall Street-oriented product in a CNBC interview, signaling strategic positioning amid growing competition from Circle and traditional finance players. JPMorgan analyst Teresa Ho notes stablecoins' potential to underpin asset tokenization, with major banks already exploring proprietary offerings.