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Tether Plots a Stablecoin Invasion of America, But Congress Holds the Keys

BBG News

In the grand tradition of Americans waiting for things—be it a train, a pizza delivery, or, heaven help us, regulatory reform—Tether has tossed its hat into the U.S. stablecoin ring. Or rather, they’ve tossed it in, picked it up, dusted it off, and now stand around peering at Congress, wondering if this will be a fast-moving process or more like watching paint dry (spoiler: it’s Congress).

According to Tether—never a company to let an opportunity shuffle by—they might unveil a shiny new stablecoin in the land of cheeseburgers and baseball as soon as late 2025 or maybe 2026, depending, of course, on whether lawmakers manage to pass something other than the time.

The legal fog is so thick you’d need a map, a compass, and possibly a slightly clairvoyant Labrador Retriever to navigate it, which is why Tether’s CEO, Paolo Ardoino, has been doing a lot of stressing about “regulatory clarity.” It’s the sort of clarity that is, as of yet, about as common in Washington as diet water. 🫠

Meanwhile, Ardoino can still bask in the success of USDT—Tether’s proud claim to fame and allegedly one of America’s most successful financial exports. Honestly, forget jazz and blue jeans; what could be more American than exporting virtual dollars and mild existential confusion? 🇺🇸💸

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2025-05-01 11:41

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