Tether to launch new dollar-backed stablecoin

Tether CEO Paolo Arduino has announced that the company is looking to launch a new US dollar-backed stablecoin to attract institutional clients. 💼

The move comes as US lawmakers push for legislation that would help create a more transparent framework for stablecoin issuers. 📜

As one of the largest stablecoin issuers, Tether is looking to solidify its position in the global financial market. Given the growing demand for stablecoins, the launch could have a significant impact on the financial ecosystem…

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