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Tether plans to launch a new stablecoin product aimed at the US market.
Gate.io News bot message, according to CNBC, Tether CEO Paul Ardoino revealed that the company is preparing to launch a new stablecoin product in the U.S. market by the end of 2023 or early 2024.
Ardoino pointed out that the launch of new products will keep pace with the U.S. Congress's stablecoin legislative process. In an interview, he mentioned that Tether is maintaining close cooperation with law enforcement to gain regulatory support, and stated that the existing USDT is "one of America's most successful export products."
According to Ardoino, this new product will differ from the existing USDT to adapt to the regulatory requirements and demands of the local market in the United States.
Source: CNBC