Tether is set to launch a new stablecoin specifically for the US market, a move that follows recent regulatory support from former President Trump. This decision aims to cater to the growing demand for stable digital currencies while ensuring compliance with US regulations.

Donald Trump has called for the swift passage of a new stablecoin bill, emphasizing the importance of regulatory clarity in the cryptocurrency sector. He believes that a well-structured framework will benefit the U.S. economy and foster innovation in digital currencies. Trump's advocacy highlights the growing intersection of politics and the evolving landscape of cryptocurrencies.