Tether, which has faced scrutiny in the past over its backing and transparency, is looking to create a stablecoin that is fully compliant with US regulations and backed by US dollars. The company believes that a US-only stablecoin could provide a more stable and reliable alternative to existing cryptocurrencies, especially in times of economic uncertainty.
However, Tether’s plans hinge on President Trump’s ability to deliver on his promised reforms, including tax cuts, deregulation, and infrastructure spending. If these reforms are implemented successfully, Tether believes that a US-only stablecoin could thrive in the current economic environment.
It remains to be seen whether Tether will follow through with its plans to launch a US-only stablecoin, but the company’s interest in creating a more stable and compliant cryptocurrency could signal a shift in the industry towards greater regulatory compliance.
