U.S. Return on Agenda for Tether: Fresh Dollar-Tied Stablecoin Mentioned in Media Statement
The Daily Hodl's Unfiltered Crypto Insights
Kick back and join us as we delve into the wild world of crypto! From Bitcoin and Ethereum, to NFTs and Altcoins – we've got you covered. Curious about Futuremash, Financeflux, or the latest blockchain technology? We've got your back!
Did you hear the buzz? Tether, the largest stablecoin issuer, is eyeing a return to the US with a brand-new US dollar-backed crypto asset! That's right – by the end of this year or early next, you might be able to grab a piece of this action![1]
In an exclusive interview with CNBC, Tether CEO Paolo Ardoino confirmed the news. This move comes as Tether's headquarters are nestled in El Salvador, and they want to shake off their past reputation as the "go-to" crypto for shady dealings.[2]
Ardoino may have played a significant role in shaping key legislation, specifically the GENIUS Act – a bill aimed at providing clear guidelines for stablecoins – and even added provisions to help law enforcement.[3]
"No company, even in the traditional financial system, has such a breadth of cooperation with law enforcement. We are always trying to do better and more to block illegal activity... we have better tools than the traditional financial system and are constantly improving." That's what Ardoino told CNBC, expressing Tether's commitment to combat criminal activity.[2]
But what about those pesky allegations that they lied about reserves back in 2021? Ardoino put those rumors to rest, stating that they now hold approximately 120 billion US Treasuries, with 7 billion in excess equity.[2]
Tether regularly releases attestation statements, and the latest report shows that over 120 billion US Treasuries are managed by Cantor Fitzgerald.[2]
As we keep our eyes on the crypto market, stay tuned for more updates from The Daily Hodl! Remember, investing in cryptocurrencies always comes with risks, so do your due diligence before diving in!
Tune in on X, Facebook, and Telegram for more updates!
Don't miss a beat - subscribe now to get email alerts straight to your inbox!
Check our Price Action and find today's hottest crypto trends!
Curious about Industry Announcements? Check out the latest updates from Pepeto, BC.GAME, KuCoin CEO, aZen, Bitcoin Seoul, and FLOKI!
rumor has it- Bitcoin gearing up to shatter all-time highs as capital starts flowing in, according to analyst Willy Woo!- Trump's World Liberty Financial signs deal with Pakistan government to promote crypto innovation – keep your eyes peeled for more!- Here's how Bitcoin could boost demand for US Treasuries, says macro guru Luke Gromen – let's see how it pans out!
We cover all things finance, including macro, bitcoin, ethereum, crypto, and web 3 – and we do it with attitude!
Bitcoin • Ethereum • Trading • Altcoins • Futuremash • Financeflux • Blockchain • Regulators • Scams, Hacks & Breaches • NFTs
The Daily Hodl – Your One-Stop-Shop for Crypto News, Analysis, and Fun!
ABOUT US | EDITORIAL POLICY | PRIVACY POLICY | TERMS AND CONDITIONS | CONTACT | ADVERTISE
JOIN US ON TELEGRAM | JOIN US ON X | JOIN US ON FACEBOOK
COPYRIGHT © 2017-2025 THE DAILY HODL
[1] Tether Plans to Launch New Stablecoin in the US: Here’s What You Need to Know, www.thestreet.com, accessed on May 3, 2025[2] Tether CEO Teases New Stablecoin, Talks Regulation in Exclusive Interview, www.crypto.com, accessed on May 3, 2025[3] Tether’s Ardoino Helped Shape GENIUS Act Provisions – Report, www.coindesk.com, accessed on May 3, 2025[4] Paolo Ardoino: Tether Hopes for More Oversight, www.coindesk.com, accessed on May 3, 2025[5] Stablecoin Regulation Could Pave Way for Biggest Competitor to US Dollar, www.cnbc.com, accessed on May 3, 2025
- Tether, a leading stablecoin issuer, is planning to launch a new US dollar-backed crypto asset, adding to its cryptocurrency offerings. [1]
- In an interview with CNBC, Tether CEO Paolo Ardoino confirmed the news, mentioning that the company is committed to combating criminal activity and is now holding approximately 120 billion US Treasuries with 7 billion in excess equity. [2]
- Ardoino also played a significant role in shaping key legislation, such as the GENIUS Act, providing clear guidelines for stablecoins, and even added provisions to help law enforcement. [3]
- While rumors about Tether lying about reserves in 2021 surfaced, Ardoino put those to rest in the same interview, stating their commitment to regular attestation statements and transparency. [2]
- Aside from Bitcoin and Ethereum, many altcoins are gaining attention in the cryptocurrency market, making it necessary for investors to regularly consider and analyze the potential of various altcoins, like Tether's new offering, for their portfolio.
