Tether’s New Stablecoin Makes a Grand Debut! $120 Billion in U.S. Treasuries Backs Market Surge!

Tether, the world’s largest stablecoin issuer, has announced the launch of a new stablecoin tailored for the U.S. market, distinct from its existing USDT, making this plan a focal point of attention!

The new stablecoin is expected to launch within this year, with the exact timeline depending on the progress of U.S. Congressional stablecoin legislation. Targeting institutional clients, it will offer fast payment settlement services and strictly adhere to U.S. regulatory standards, showcasing a high level of professionalism.

Tether holds $120 billion in U.S. Treasuries, plus $7 billion in excess capital, demonstrating robust financial strength. However, Tether has faced controversies in the past over reserve transparency and money laundering allegations, though they emphasize collaboration with over 140 law enforcement agencies worldwide to combat illicit activities.

In the market, Tether faces pressure from competitors like the Trump family-backed World Liberty Financial and Circle (USDC). If this new stablecoin launches successfully, it could significantly impact the U.S. stablecoin market, but its ultimate success hinges on legislative developments and market acceptance.

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(This article is for reference only and is not, nor should it be considered, investment advice. This material is provided for informational and general purposes only and does not take into account your personal needs, investment objectives, or specific financial circumstances.)