Tether CEO Paolo Ardoino has announced that the company is preparing to re-enter the U.S. market with a new domestic stablecoin aimed at institutional use. This initiative follows recent regulatory developments, including the passage of the Genius Act, which have enabled Tether to pursue business activities within the United States. The new stablecoin is designed specifically for U.S. institutions, focusing on institutional payments and interbank settlements, and is described by Ardoino as "highly efficient." Tether plans to announce the launch of this U.S. domestic stablecoin soon, signaling an expansion of its product offerings targeted at Wall Street and the broader institutional market.