One of the largest and most controversial companies, it will come to the United States on Friday, at an event hosted in a spying museum in New York City, the source of Stablecoin Tether announced that it was launching Stableco US called USAT, which is an amazing reflection of a process only last year only. back Be at the intersection of American law enforcement officials.
To launch USAT, Tether carried out Anchorage Digital, one of the largest encryption secretaries he has a description Its ability to issue Stablecoins is compatible with a genius law – New Blaws has issued legislation in the United States that creates handrails to issue and manage Stablecoins. The Cantor Fitzgerarald partner will be a guardian to keep the new Stablecoin reserves.
Tether’s decision to launch the American Stablecooin of Stablecoin Giant, which is considered a major defender. At Friday’s event, the company announced that Bo Hines, a former BO HINES official at the White House, would serve as CEO of the project.
“We have been subjected to severe pressure from competitors who wanted to create a monopolistic environment in the United States,” said Paulo Erdino’s CEO of Tether Erdino. “The big mistake there was simply deducting the fact that we believe that Tether is the best product on the market.”
Tether hosted one of the leading politicians who have been avoided by senior politicians, who is from Congress and encryption at Friday event. Representatives of the United States such as Brian Steel (R-WIS) and Edison McDwell (RN.C.) along with the most important encoded capitalists such as the administrative partner of Matt Huang and his administrative partner, Multicoin Capital Kyle Samani.
Tether ascending
Tether was founded in 2014, which is the source of the name Stablecoin, or a type of cryptocurrency that is linked alone with one of the basic assets, is usually the US dollar. With the growth of encryption dependence, the USDT of Tether has become the largest Stablecoin in Crypto and one of the most widely encrypted currencies, with the maximum market today about $ 170 billion. Thanks to its young employees, who number less than 300 employees and billions of dollars in income gained from the return of their property, Tether is also one of the most profitable companies in the world for each employee, according to their uninterrupted financial financially.
But despite its success, the secret company was a shocking cash rod. This includes the unusual method that has been able to manage the reserves that belong to Stablecoin, as well as the role of Stablecoin in global illegal financing, as it was used for illegal activities from terrorism to money laundering. Tether strongly rejected these claims, although it was a target for various law enforcement procedures, including settlement with the public prosecutor in New York and an investigation by the US Department of Justice.
Its decision to launch Stablecoin, compatible with the United States, comes after Congress approved the Genius Act in July, which paved the way for new competitors, from banks to a group of new startups, to launch their distinctive symbols. For Tether, which is largely used outside the United States, this step raises questions about the benefit of its new American offer and the traction type you will achieve.
Nevertheless, this step reflects the increasing Tether effect in the United States with the Trump administration. Lutnick became a fan of the company after he started his financial company, Cantor Fitzgerd, in managing the largest part of its reserves. In August, Tether Top Throp Crypto Bo Hines was rented to lead its expansion in the United States. They raised him to the CEO on Friday.
The main Tether feature is that its huge trench, with the largest Stablecoin, USDC, is largely backward with the maximum market only $ 72 billion. But with the creation of a genius law for a path that approves traditional financial institutions to enter the market, potential users will have a wealth of options to be chosen. Some offers began to experience the return of the return to its users, although the genius is prohibited to issue like Tether from sharing interest profits with customers.
On the newly launched Tether website for the American Stablecoin Usat website, the company said that the major use cases will be for transfers, global payments, and online exit requests.
“We want to control, but we want to do it in the United States,” Henz said on Friday.
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