Tether plans US stablecoin launch by end of 2025

Tether (CRYPTO:USDT), the issuer of the popular USDT stablecoin, is planning to launch a stablecoin product in the United States by the end of this year or early next year.

This announcement was made by Tether CEO Paul Ardoino during an interview with CNBC on April 30, 2025.

Ardoino emphasised that Tether’s USDT has already become the “largest exporter” of the US dollar, with a market capitalisation of nearly $150 billion.

As of April 25, USDT holds about 66% of the stablecoin market share, according to data from Web3 researcher Nansen.

However, Tether is now looking to expand into the US market.

The launch timeline depends largely on the progress of stablecoin legislation in the United States.

Ardoino stated that Tether is working closely with US regulators, highlighting the benefits of USDT for the US economy.

“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” he added.

Tether’s market dominance has been mostly outside the US, where USDC (CRYPTO:USDC), a rival stablecoin, has taken a leading position.

USDC has gained significant traction, especially after the election of President Donald Trump, and now has a market capitalisation of over $60 billion.

Despite this, Tether remains optimistic about its position in the stablecoin market.

Ardoino revealed that Tether has designed USDT for users in smaller markets, such as people in rural Africa or shop owners in Istanbul.

For the US market, Tether is preparing a “different product” that will cater to the unique needs of American users.

In 2024, Tether reported a net income of nearly $14 billion, primarily generated by investing US dollars used to mint USDT into highly liquid, yield-bearing instruments.

At the time of reporting, the Tether price was $1.00.