Tether Plans to Launch US Stablecoin in 2025
06 May, 2025 ● Crypto News
Tether is aiming to introduce a new stablecoin offering in the United States as early as this year, according to CEO Paul Ardoino in an interview with CNBC on April 30.
Ardoino told CNBC that Tether’s main stablecoin, USDT, is already the leading "exporter" of the US dollar.
As per CoinGecko data, USDT’s market cap is approaching $150 billion.
Tether now plans to enter the US market “by the end of this year or early next year, at the fastest,” Ardoino stated, noting that the rollout’s timing will largely hinge on how quickly US lawmakers advance stablecoin-related regulations.
In an effort to gain favor with American regulators, the company is actively cooperating with law enforcement and promoting the role of USDT in supporting the US economy.
"We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” the CEO said.
As of April 25, USDT held approximately 66% of the total stablecoin market share, based on figures from Web3 research firm Nansen.
The company is also the most financially successful among stablecoin issuers, with a reported net income nearing $14 billion in 2024.
Tether generates revenue by accepting US dollars in exchange for minting USDT, which it then allocates to highly liquid, interest-generating assets like US Treasury bills.
Nevertheless, USDT remains far more popular internationally than in the US, where its main competitor, USDC, leads in adoption.
Ardoino told CNBC that Tether created USDT “for the people that live in small villages in Africa... [or] a shop owner in Istanbul,” and that the company is working on a “different product” tailored for the US market.
Following US President Donald Trump’s election victory in November, adoption of USDC has gained momentum, according to Nansen’s April 25 report.
CoinGecko data shows that Circle’s USDC now has a market cap exceeding $60 billion. Still, USDT is expected to retain its dominance in the stablecoin space.
“Despite the potential dispersion in stables, we inevitably believe this is a ‘winner-takes-most’ market dynamic,” the Web3 research firm concluded.
Sources:
https://cointelegraph.com/news/tether-plans-us-stablecoin-launch-as-soon-as-this-year-cnbc
