{"id":19602,"date":"2025-04-30T19:55:00","date_gmt":"2025-04-30T19:55:00","guid":{"rendered":"https:\/\/gold.creditcard\/tether-plans-us-stablecoin-launch-as-soon-as-this-year-cnbc\/"},"modified":"2025-04-30T19:55:00","modified_gmt":"2025-04-30T19:55:00","slug":"tether-plans-us-stablecoin-launch-as-soon-as-this-year-cnbc","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/tether-plans-us-stablecoin-launch-as-soon-as-this-year-cnbc\/","title":{"rendered":"Tether plans US stablecoin launch as soon as this year \u2014 CNBC"},"content":{"rendered":"

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer\u2019s CEO, Paul Ardoino, said in an April 30 CNBC interview. <\/p>\n

Tether\u2019s flagship stablecoin, USDT (USDT<\/a>), is already the US dollar\u2019s top \u201cexporter,\u201d Ardoino told<\/a> CNBC. It has a market capitalization of nearly $150 billion, according to data<\/a> from CoinGecko.\u00a0<\/p>\n

Now, Tether is preparing to expand into the US market \u201cby the end of this year or early next year, at the fastest,\u201d Ardoino said, adding that the timing depends on US lawmakers\u2019 progress on stablecoin legislation. <\/p>\n

The stablecoin issuer is working to woo US regulators by proactively collaborating with law enforcement and highlighting USDT\u2019s benefits for the US economy. <\/p>\n

“We are just exporters of what we believe to be the best product the United States ever created \u2014 that is, the US dollar,\u201d the CEO said.<\/p>\n

Tether’s USDT has 66% of the stablecoin market share. Source: Nansen<\/em><\/p>\n

Related: <\/strong><\/em>Tether still dominates stablecoins despite competition \u2014 Nansen<\/strong><\/em><\/a><\/p>\n

Market leader<\/h2>\n

As of April 25, USDT commanded a roughly 66% market share<\/a> among stablecoins, according to Nansen, a Web3 researcher.\u00a0<\/p>\n

Tether is also the most profitable stablecoin issuer, logging a net income of nearly $14 billion<\/a> in 2024.\u00a0<\/p>\n

It earns revenue by accepting US dollars to mint USDT and then investing those dollars into highly liquid, yield-bearing instruments such as US Treasury bills.\u00a0Still, USDT\u2019s popularity is largely limited to users outside of the United States, where rival stablecoin USDC (USDC<\/a>) is dominant. <\/p>\n

Tether designed USDT \u201cfor the people that live in small villages in Africa… [or] a shop owner in Istanbul,\u201d Ardoino told CNBC, adding that Tether is developing a \u201cdifferent product\u201d for the US. <\/p>\n

Adoption of USDC has accelerated in the wake of US President Donald Trump\u2019s November election win, Nansen said in an April 25 report.\u00a0Circle\u2019s USDC has a market capitalization of more than $60 billion, CoinGecko data shows.\u00a0<\/p>\n

However, USDT is still likely to maintain its leading position<\/a> in the stablecoin market.\u00a0 \u201cDespite the potential dispersion in stables, we inevitably believe this is a \u2018winner-takes-most\u2019 market dynamic,\u201d the Web3 researcher added.\u00a0<\/p>\n

Magazine:\u00a0<\/strong><\/em>Bitcoin payments are being undermined by centralized stablecoins<\/strong><\/em><\/a><\/p>\n

<\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer\u2019s CEO, Paul Ardoino, said in an April 30 CNBC interview. Tether\u2019s flagship stablecoin, USDT (USDT), is already the US dollar\u2019s top \u201cexporter,\u201d Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to […]<\/p>","protected":false},"author":0,"featured_media":19603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19602"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19603"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}