The stablecoin market continues to grow due to increasing institutional interest and the development of legal frameworks. Several significant projects are expected to launch in the coming years.
Tether Plans U.S. Relaunch
Tether is planning to relaunch its stablecoin in the U.S., offering a dollar-based version. The current stablecoin, USDt, is the largest on the market but has faced transparency and regulatory issues. CEO Paolo Ardoino mentioned the need to distinguish between a domestic and an international stablecoin.
Trump’s USD1 and Its Influence
World Liberty Financial, linked to the Trump family, has launched the USD1 stablecoin, which has a market capitalization of over $2 billion. Trump's influence on stablecoin policy has raised concerns among some senators, who have called for an inquiry into his personal interests in the project.
New Initiatives from Banks and Payment Systems
Custodia Bank and Vantage Bank have announced the release of the first bank-issued stablecoin on the Ethereum blockchain. Meanwhile, Stripe is developing a stablecoin aimed for use outside the U.S. Major payment systems like Mastercard and Visa are also ramping up support for stablecoins, which may significantly impact their adoption in the global economy.
With growing interest in stablecoins and new legislative initiatives, it is anticipated that this sector will continue to evolve, providing new opportunities for financial institutions and users alike.
