Newsweek World
  • Business
  • Economics
  • Markets
  • Technology
Subscribe
  • Login
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology
No Result
View All Result
Newsweek World
  • Subscribe
Home Markets

Tether Plans U.S. Stablecoin, Strengthens Washington Ties

Marco Sorenson by Marco Sorenson
May 2, 2025
in Markets
Tether Plans U.S. Stablecoin, Strengthens Washington Ties

Tether the largest stablecoin issuer plans to introduce a dollar-pegged stablecoin in the United States during late 2025 or early 2026 according to CEO Paolo Ardoino during his appearance at Token2049 in Dubai. The development of this stablecoin supports Ardoino’s Washington lobbying efforts which include his meetings with lawmakers and Senator Bill Hagerty as President Trump shows support for crypto. The GOP-backed GENIUS Act which critics say benefits foreign issuers such as Tether demonstrates this influence.

Tether operates from El Salvador while emphasizing its cooperation with law enforcement through superior anti-crime tools than traditional financial systems according to Ardoino. Tether resolved its misleading reserve claims issue in 2021 by paying $18.5 million but now holds $120 billion in U.S. Treasuries through Cantor Fitzgerald while maintaining $7 billion in excess equity. The Q1 audit revealed that Tether possessed $5.6 billion in surplus assets.

The connection between Tether and Cantor raises questions because the company is led by Commerce Secretary Howard Lutnick’s sons although Ardoino mentioned conflict-of-interest restrictions. Tether continues its U.S. market expansion while making political moves to maintain its position as market leader during the current regulatory changes.

Tags: StablecoinTether
Previous Post

Kohl’s Fires CEO Buchanan Over Vendor Conflict Issues

Next Post

Nvidia’s Jensen Huang Gets First Pay Raise in Decade

Related Posts

Investors Pull Billions From U.S. Equity Funds Amid Tariff Concerns
Markets

Investors Pull Billions From U.S. Equity Funds Amid Tariff Concerns

EOG Resources Expands in Utica with $5.6 Billion Encino Deal
Markets

EOG Resources Expands in Utica with $5.6 Billion Encino Deal

JPMorgan Targets Wealth Management Growth via Premium Branch Expansion
Markets

JPMorgan Targets Wealth Management Growth via Premium Branch Expansion

Markets Rally as Trump Delays EU Tariffs to July 9
Markets

Markets Rally as Trump Delays EU Tariffs to July 9

Bond Market Roils Wall Street Over Debt and Tax Cut Fears
Markets

Bond Market Roils Wall Street Over Debt and Tax Cut Fears

Stocks End Mixed as Debt Worries Keep Markets on Edge
Markets

Stocks End Mixed as Debt Worries Keep Markets on Edge

Next Post
Nvidia’s Jensen Huang Gets First Pay Raise in Decade

Nvidia’s Jensen Huang Gets First Pay Raise in Decade

Newsweek World

© 2025 Newsweek World. All rights reserved.

Navigate Site

  • Privacy Policy
  • Terms
  • About us
  • Contacts

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology

© 2025 Newsweek World. All rights reserved.

  • Español
  • Português
  • 中文 (简体)
  • 日本語
  • Français
  • Italiano
  • Norsk
  • Svenska
  • Türkçe
  • Українська