Foresight News reports, according to Decrypt, Tether CEO Paolo Ardoino stated that Tether still plans to launch a US-based stablecoin while seeking to have USDT approved under the (GENIUS Act) framework. These two Tether products will cater to the diverse needs of different customers in the United States. For example, USDT may primarily be used in the U.S. as a payment tool for remittances to overseas.