Tether returns to the US, aiming to replicate its overseas success

Executives at Tether, the world's largest stablecoin issuer, announced on Tuesday that the company is returning to the US market and aiming to become the dominant stablecoin issuer in the country. Bo Hines, Tether's digital asset and US strategy advisor, stated that Tether's goal in returning to the US market is to replicate its success overseas. Tether's flagship token, USDT (Tether), is the world's largest stablecoin, with a supply of $171 billion and primarily backed by US Treasury bonds.