Tether in US regulatory talks over stablecoin as possible ‘settlement currency’

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Tether’s chief executive Paolo Ardoino says the stablecoin issuer is in talks with US officials and may even launch a dollar-pegged token tailored for the domestic market only.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Tether CEO Paolo Ardoino says the company may consider launching a stablecoin specifically for the U.S. if new rules make the market more competitive. Ardoino said the company was involved in discussions about U.S. stablecoin rules.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

As of press time, Tether doesn’t serve U.S. customers, though it’s one of the most traded cryptocurrency worldwide, with around $144 billion worth of tokens in circulation. The company’s user base now exceeds 400 million, according to Ardoino, who recently said stablecoins are becoming part of a broader “stablecoin multiverse.”