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

Tether’s managing director Paolo Ardoinino said that Stablecoin’s issuer is in talks with US officials and could even launch a dollar token suitable for the domestic market only.

Attached (USDT) CEO Paolo Ardoino said the company could consider launching a stable More specifically for the United States, if the new rules make the market more competitive.

Talk to Financial timeArdoino said that the company was involved in discussions on American stablecoin rules and that the administration considered it “an important instrument for the United States”, although it did not explain the details of these discussions.

He also added that if the new rules make domestic stables competitive, there could be an “interest in Tether to create a domestic stable in the United States”, calling it “essentially a settlement currency”.

At the time of the press, Tether does not serve American customers, although this is one of the most negotiated cryptocurrencies in the world, with around 144 billion dollars of tokens in circulation. The business user base now exceeds 400 million, according to Ardoino, who recently said that stablecoins were part of a broader “multiverse of stablecoin”.

The United States is preparing new rules that can oblige foreign stages to follow local application laws. Ardoino suggested that “this is something we [already] Doing … voluntarily “, adding that” we are the only ones to integrate the FBI, on board American secret services “.