Tether Planning Return to U.S. Market with Fresh Dollar-Backed Stablecoin: Source Reveals
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Intriguing Headlines:
- Tether's Big Move - US-bound Stablecoin Coming OnboardTether, the globe's largest stablecoin issuer, is planning to return to the U.S. soil with a brand-new digital asset pegged to the greenback. Here's the tea: Tether's bigwig, Paolo Ardoino, spilled the beans to CNBC and confirmed that they are determined to reshape their image as an ally to law enforcement. Remember when they used to be the go-to currency for nefarious activity? No more!
Ardoino has reportedly collaborated with key policymakers to shape important regulations, like the GENIUS Act, which guides stablecoins. To support law enforcement even further, Ardoino disclosed that Tether intends to launch a US-friendly stablecoin by the end of this year, subject to legislative timelines. Yasss, Tether's ready to make it right! 🌟
In other news, Tether now boasts about $120 billion in U.S. Treasuries under their management, according to their recent report. Talk about in-depth oversight! 📊💪
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