Investing.com -- Tether Holdings SA, the issuer of the stablecoin, is contemplating the launch of a United States-based token, Paolo Ardoino, the Chief Executive Officer of Tether, said during an interview on Bloomberg’s Odd Lots podcast.

The new offering is intended for institutional clients, as the firm seeks to leverage the pro-cryptocurrency stance of President Donald Trump’s administration.

The proposed stablecoin is expected to cater to institutions that are in need of quicker settlement times for interbank payments.

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