Tether, issuer of the world’s largest stablecoin USDT, may offer a new token specifically for the U.S., according to a Financial Times report on Monday.
Paolo Ardoino said the company had been involved in discussions about the U.S. rules on stablecoins and that it may create a token just for the U.S, depending on how these discussions unfold, the FT reported, citing an interview with the Tether CEO.
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Ardoino said that if new rules are brought in”make [U.S.] stablecoins competitive, there could be an interest from Tether to create a domestic stablecoin,” which would be “basically a settlement currency.”
He added that the Trump administration views stableoins as “an important instrument in the United States.”
Stablecoins are digital tokens pegged to the value of a traditional financial asset, most commonly the U.S dollar.
Regulations being considered by President Donald Trump’s administration include plans to force foreign issuers trading crypto to comply with U.S. laws.
Tether did not immediately respond to CoinDesk’s request for further comment.