Tether, provided the largest stablecoin USDT in the world, could offer a new token specifically for the US, according to a financial times report on Monday.
Paolo Ardoino said the company was involved in discussions about US policies in Stablecoins and it could create a token just for the US, depending on how these discussions opened, FT reported, citing an interview with Tether CEO.
Ardoino said that if the new policies were brought to the “Make (US) Stablecoins Competitive, there could be an interest from Tether to create a domestic stablecoin,” which would be “really a currency money.”
He added that Trump’s administration viewed stableoins as “an important instrument in the United States.”
Stablecoins are digital tokens that are in the value of a traditional financial possession, which is usually the US dollar.
The regulations considered by President Donald Trump’s administration include plans to force foreign issues that trade crypto to comply with US laws.
Tether did not respond immediately to CoinDesk’s request for further comment.
