Why It’s Good News for Crypto
By: cryptosheadlines|2025/05/03 06:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Tether, the world’s largest stablecoin issuer with over $143 billion in circulation, is preparing to enter the US domestic market with a new dollar-pegged stablecoin. With this new launch, Tether plans to compete directly with key players in the US stablecoin market like the Trump family-backed World Liberty Financial and its USD1 coin.Tether to compete with USD1CEO Paolo Ardoino revealed these plans during a CNBC interview at the Token2049 conference in Dubai. According to the CEO, the stablecoin will launch by the end of 2025. He also mentioned that the company’s US-focused stablecoin would be different from its international USDT offering. Its launch timeline is dependent on “the timeline of the final legislation.”The stablecoin landscape is becoming increasingly competitive as Tether prepares to challenge World Liberty Financial’s USD1, a stablecoin initiative backed by Eric Trump and Donald Trump Jr. Eric Trump has been quite vocal about crypto and even stated that crypto could replace SWIFT payment system.Tether’s planned entry into the US domestic market is a major move as the regulatory environment is changing under the current administration.World Liberty Financial has already announced its USD1 token, which promises to be fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. The token is initially planned for launch on Ethereum and Binance Smart Chain.Tether’s US market entry follows Ardoino’s increased presence in Washington, where he has engaged in meetings with lawmakers and participated in crypto industry events. This approach, characterized by some as a charm offensive, includes a private lunch with Senator Bill Hagerty and various networking activities with policy influencers.Tether mentioned legal cooperation as a central element of its messaging to US policymakers. “There is no company... even in the traditional financial system, that has such a breadth of collaboration with law enforcement,” Ardoino stated during his interview.Why the firm’s US launch could be good news for cryptoTether’s goal of entering the US market may create a more competitive cryptocurrency ecosystem, more transparency, and tie into reputable financial support. Joining Ardoino pointed out the strength of the company’s financials and operational transparency as an advantage, creating possible new industry standards.The stablecoin issuer has made notable developments on previous issues revolving around reserves. Per Tether’s most recent attestation report, the company reported it now has approximately $120B in US Treasuries; and the total assets amount at least to $149.27B with $143.68B in liabilities – creating at least a $5.6B surplus.Tether’s partnership with Cantor Fitzgerald to oversee its Treasuries gives the company some institutional credibility. Ardoino was careful to avoid a potential conflict of interest stating that he does not talk to Secretary Lutnick directly because of “proper walls,” but did say Tether has “great relationships with many people in the US and as well now in Washington.”The company’s quarterly growth metrics also show increasing adoption, with approximately 46 million new USDT wallets created during the most recent reporting period. This is a 13% increase from the previous quarter. This is an indication of growing user confidence despite past regulatory challenges. This includes an $18.5 million settlement with the New York attorney general in 2021 over allegations regarding misrepresentations about its reserves.As per Ardoino’s recent tweet, he expects a 10x projection for Tether in the next five years. He mentioned that Tether products could reach almost 3 billion people. The stablecoin’s growth could also be good news for crypto as 37% of the global users use USDT for savings, with an average daily volume of 30 billion.✓ Share: Vignesh Karunanidhi Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link
You may also like

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?
Bitcoin price prediction 2026: Can BTC hit $150,000 by year-end? Explore Fed policy, Kevin Warsh's stance, Bitcoin ETF flows, exchange data, and BTC market forecasts.

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?
Beyond the leverage crunch, what is even more concerning is the liquidity reserves of the Strategy.

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?
Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management
Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place.

Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever
Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets
Overview of Important Market Events on June 17

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot
Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance
"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?
Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun
OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...

New gameplay for participating in initial offerings on cryptocurrency exchanges
In this competition for cutting-edge assets, what has always been truly scarce is not the technology, but the underlying equity itself.

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq
Why is Bitcoin down today? A hawkish FOMC pressured crypto and gold, while SpaceX surged to a $2.5 trillion valuation and Nasdaq gained attention. Here's what happened and why traders are looking beyond Bitcoin.

DeepSeek Financing Story
DeepSeek's financing insider information exposed: "Four-hour meeting" fully demonstrates Liang Wenfeng's determination for AGI, over a hundred institutions involved, Sequoia and Hillhouse rarely absent, not poaching talent is the hardest red line.

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16

Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.
Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?
Bitcoin price prediction 2026: Can BTC hit $150,000 by year-end? Explore Fed policy, Kevin Warsh's stance, Bitcoin ETF flows, exchange data, and BTC market forecasts.
STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?
Beyond the leverage crunch, what is even more concerning is the liquidity reserves of the Strategy.
Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?
Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.
WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management
Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place.
Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.
WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever
Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




