Tether has announced plans to launch USDT operations in the U.S., following the requirements of the new GENIUS Act. This initiative includes the introduction of a new stablecoin backed by U.S. Treasuries.
Tether's Plans for USDT Launch in the U.S.
Tether is set to integrate USDT into the U.S. market while adhering to the GENIUS Act conditions. CEO Paolo Ardoino emphasized the importance of regulatory compliance. The company is also preparing to launch a new U.S.-specific stablecoin backed by U.S. Treasuries.
Impact on the Stablecoin Market
The introduction of USDT in the U.S. market is expected to change the dynamics of competition with USDC. Compliance with the GENIUS Act, which mandates AML requirements and audited reserves, could significantly reshape the market and increase interest in U.S. Treasuries.
Future Prospects and Regulatory Changes
Market observers are closely monitoring Tether’s actions due to its growing influence. The legal integration of USDT in the U.S. could lead to major liquidity shifts in both global and local markets. Future financial and regulatory outcomes will depend on Tether's compliance with audit requirements and treasury holdings.
Overall, Tether’s efforts to meet new regulatory standards and launch USDT in the U.S. could significantly impact the stablecoin market dynamics and attract substantial capital inflows.
