Reported about 6 hours ago
Tether, a major player in the crypto industry, is set to launch a new U.S.-based stablecoin called USAT, aimed at American residents, with plans to debut by year-end. CEO Paolo Ardoino announced the initiative during a press event in New York, highlighting it as a strategic move to expand Tether's footprint in the U.S., capitalizing on favorable regulations under the GENIUS Act. With Bo Hines as CEO of the new venture, Tether aims to compete in a market that is seeing increased regulation and potential growth.
Source: YAHOO