Tether in Talks Over U.S. Stablecoin as Potential ‘Settlement Currency’

In an interview with the Financial Times, Ardoino shared that Tether is deeply involved in discussions regarding U.S. stablecoin regulations. He emphasized that the U.S. administration recognizes stablecoins as “an important instrument for the United States,” though he refrained from providing additional details on the ongoing conversations.

Should the new regulations enhance the competitiveness of U.S.-based stablecoins, Ardoino suggested that Tether could consider creating a U.S.-specific stablecoin, describing it as “basically a settlement currency.” This potential move comes as the U.S. prepares to introduce rules that may require foreign stablecoin issuers to comply with local enforcement laws. Ardoino pointed out that Tether already adheres to these standards voluntarily, highlighting that the company works closely with U.S. law enforcement agencies such as the FBI and U.S. Secret Service.

This discussion follows Tether’s ongoing expansion, with USDT’s market capitalization surpassing $144.1 billion, according to CoinGecko. Ardoino sees this as part of a broader trend he refers to as “the stablecoin multiverse,” noting that many companies and governments are either launching or preparing to launch their stablecoins.

Ardoino attributes Tether’s growth to its grassroots adoption strategy, contrasting it with the approach taken by traditional financial institutions.

“We’ve always focused on adoption from the ground up, working directly with people on the streets, while traditional finance has been observing us from their ivory towers,”

he said.

Today Tether USDt has (conservatively) more than 400 million users across the world. Soon 1 billion.

We always focused on the adoption from the ground up, working in the streets, among other people, while traditional finance was watching at us from their ivory towers.

That’s…

— Paolo Ardoino 🤖 (@paoloardoino) March 27, 2025

Tether’s CTO, Ardoino, is confident about the company’s growth trajectory but did not share specifics on its user base or plans to reach 1 billion users. He defended Tether against criticism regarding its impact on the U.S. financial system, highlighting the company’s $115 billion investment in U.S. Treasuries to enhance economic stability. This statement was made during a Bitcoin Policy Institute event on March 11.

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