Tether announces a stablecoin for US consumers, just days after Donald Trump signed the GENIUS Act. This first crypto law in the United States legalizes dollar-backed stablecoins, providing Tether with a clear framework to launch a fast, compliant consumer product.
Tether and USDT leave the blockchain and take on the real world
On July 19, 2025, Donald Trump signed the GENIUS Act, the first US law dedicated to cryptocurrencies, legalizing the use of dollar-backed stablecoins. This legislation requires them to be backed by highly liquid assets, such as US Treasury bills. The GENIUS Act also marks a major regulatory clarification and paves the way for players such as Tether, Circle, and other financial institutions to issue stablecoins that can be used as a digital dollar, which is more flexible and faster to transfer.
Yesterday, Paolo Ardoino, CEO of Tether, announced on Fox Business that the company was preparing to launch a new stablecoin for the US domestic market, in compliance with this new legislation.
🇺🇸 NEW: Tether CEO Paolo Ardoino says the company will announce its new US domestic stablecoin soon. pic.twitter.com/RLdbWQBd0e
— Cointelegraph (@Cointelegraph) July 28, 2025
“We will announce our new initiative for a stablecoin for the US domestic market very soon, which will compete in this market. […] I believe this will be an extremely effective new offering for US institutions.”
Paolo Ardoino
Designed for individuals, this stablecoin could also compete with applications such as PayPal and CashApp, which are already well established in the United States.
How will this new stablecoin for individuals work?
The question remains as to what infrastructure this new stablecoin will use. Tether and its USDT operate on several networks: on Ethereum, where it is most widely used, and on Tron, the second most widely used blockchain for stablecoins.
But Tether, along with the Bitfinex exchange platform, two closely related entities, are also financing and developing other solutions, such as Plasma and Stable, a low-fee blockchain specifically designed for stablecoins.
In addition, Paolo Ardoino’s interest is also increasingly turning to Bitcoin. Initially launched on this blockchain via the Omni protocol, Tether recently announced the return of USDT to Bitcoin, thanks in particular to Taproot Assets and RGB.
This protocol allows fungible tokens, including stablecoins, to be issued with minimal impact on the blockchain, while ensuring compatibility with Lightning for fast and inexpensive transactions. At the same time, Bitfinex has been investing for several years in the development of RGB, a layer 2 protocol on Bitcoin designed to enable the creation of highly scalable tokens and smart contracts. Although in development for over six years, the first applications have just been launched, and others are in the pipeline. As such, Tether could rely on either one of these two protocols, which offer exceptional scalability via Lightning, or on a centralized but fast and accessible blockchain such as Stable.
