Tether's CEO, Paul Ardoino, announced plans to launch a stablecoin product in the United States within the current year, contingent on the progress of stablecoin legislation by U.S. lawmakers. Tether's prominent stablecoin, USDT, holds a market capitalization of approximately $150 billion, making it the leading stablecoin and the largest 'exporter' of the U.S. dollar. Ardoino emphasized the company's focus on working collaboratively with regulators and law enforcement to enhance the image of USDT in the U.S. market, where its usage mainly resides outside the country. Despite USDT's global popularity, rival stablecoin USDC is more dominant domestically. Ardoino expressed belief in Tether's product as a substantial contribution to the U.S. economy, highlighting the unique role that USDT plays in various regions, particularly in developing markets. The company aims to leverage the vast appeal of the U.S. dollar to solidify its position in the crypto ecosystem.

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