PANews reported on October 25th that, according to Coindesk, Tether CEO Paolo Ardoino stated in an interview that, in order to comply with federal regulations, Tether plans to launch a US-focused stablecoin, USAT, in December. The token will be issued by Tether America, a joint venture between Tether and Anchorage Digital, a regulated US cryptocurrency bank. Tether has invested in video-sharing platform Rumble and other platforms, aiming to expand its user base to 100 million Americans. Tether's USDT supply has grown to $182 billion, dominating the stablecoin market, while the market size of Tether Gold has tripled this year.
Tether CEO: Plans to launch USAT, a US-compliant stablecoin, in December this year
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