Tether's CEO announced the launch of a new stablecoin in the USA
What happened? Tether's CEO Paolo Ardoino stated in an interview with CNBC that the company is preparing to launch a new product in the USA at the beginning of next year. The exact timing will depend on the progress of legislation regulating stablecoins, which is already under consideration by Congress.
Material from CNBC
What else is known? Ardoino also mentioned that the Tether stablecoin USDT is one of the most successful export products of the USA. The asset ranks third in the overall cryptocurrency ranking by market capitalization, trailing only Bitcoin and Ethereum with over $148.7 billion. Its share of the overall stablecoin market capitalization exceeds 60%.$ETH