TL;DR
- Tether is exploring the possibility of launching a U.S.-exclusive stablecoin if the new regulations proposed by the Trump administration turn out to be favorable.
- Although it currently does not serve U.S. customers, the company already works closely with agencies like the FBI and the Department of Justice.
- With $144 billion in circulation and $13 billion in net profit, Tether is in a strong financial position to expand into the U.S. market.
Tether, the issuer of the world’s most used stablecoin, is considering launching a new digital dollar exclusively for the U.S. market. The decision hinges on the regulatory shifts expected under the Trump administration, which has taken a noticeably more crypto-friendly stance in recent months.
Despite having over $144 billion worth of tokens in global circulation, Tether currently does not accept U.S.-based customers due to regulatory restrictions. However, CEO Paolo Ardoino has confirmed that the company already collaborates actively with U.S. law enforcement agencies such as the FBI, the Secret Service, and the Department of Justice, and often takes action even before court orders are issued.
Friendlier Regulations and Strategic Expansion
The potential launch of a U.S.-only stablecoin comes amid a noticeable shift in the regulatory climate in Washington. Since Trump returned to the White House in January, the SEC has scaled back or halted several enforcement actions against crypto companies, creating a more fertile environment for new blockchain-based financial products.
In anticipation of this changing landscape, Tether is reportedly in talks with major accounting firms, the Big Four, aiming to secure its first full financial audit. The company has also appointed a Chief Financial Officer as part of its strategy to improve transparency and credibility, especially in response to longstanding criticisms about the nature and liquidity of its reserves.
Diversification, Innovation and Global Leadership
Tether is not just betting on crypto. The company has been diversifying its investments across multiple sectors. In March 2025, it announced a €10 million investment in Be Water, a media firm focused on audio, video, film, and live content, acquiring a 30.4% stake.
This move follows a $775 million investment in the video platform Rumble, a minority stake in Juventus Football Club, and a $200 million investment in Blackrock Neurotech, a firm specializing in brain-computer interface technology.
With its dominant position in the stablecoin market, a solid financial foundation, and new regulatory opportunities on the horizon, Tether could be on the verge of a historic entry into the US market. If successful, it would mark not only a strategic breakthrough for the company but also a milestone for the widespread adoption of cryptocurrencies within the traditional US financial system.
