Tether plans US stablecoin launch as soon as this year — CNBC

Quick Summary:

Source: NansenRelated: Tether still dominates stablecoins despite competition — NansenMarket leaderAs of April 25, USDT commanded a roughly 66% market share among stablecoins, according to Nansen, a Web3 researcher. Tether is also the most profitable stablecoin issuer, logging a net income of nearly $14 billion in 2024. It earns revenue by accepting US dollars to mint USDT and then investing those dollars into highly liquid, yield-bearing instruments such as US Treasury bills. Still, USDT’s popularity is largely limited to users outside of the United States, where rival stablecoin USDC (USDC) is dominant.

It has a market capitalization of nearly $150 billion, according to data from CoinGecko. Now, Tether is preparing to expand into the US market “by the end of this year or early next year, at the fastest,” Ardoino said, adding that the timing depends on US lawmakers’ progress on stablecoin legislation.

Tether designed USDT “for the people that live in small villages in Africa...[or] a shop owner in Istanbul,” Ardoino told CNBC, adding that Tether is developing a “different product” for the US.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Alex O’Donnell

Category: Crypto

Markets: United States

Topics: Tether States Year United April Market Ardoino Stablecoin Usdt Cnbc Issuer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 20:55:00 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28302874

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 33 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions