Tether is set to launch a stablecoin product in the United States as early as this year, according to CEO Paul Ardoino during an April 30 CNBC interview. Tether's USD stablecoin (USDT) is currently the largest stablecoin, boasting a market capitalization of approximately $150 billion. Ardoino noted that Tether aims to expand into the US market by the end of this year or early next year, depending on the progress of US stablecoin legislation. To gain favor with US regulators, Tether has been engaging with law enforcement and promoting the economic benefits of USDT. As of April 25, USDT holds a significant 66% market share among stablecoins, although its adoption has been more prevalent outside the US, where competitors like USDC dominate. Tether generates revenue by minting USDT in exchange for US dollars and investing them into liquid, yield-bearing instruments, such as US Treasury bills.

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