Tether is preparing to introduce a stablecoin focused on Wall Street, optimistic about recent regulatory changes in the U.S. It aims to leverage its strong transaction volumes and establish dominance as institutional interest in stablecoins grows.
JPMorgan recognizes stablecoins as vital to mainstream finance. Despite Tether’s long-standing market presence, rising competition from companies like Circle emphasizes the ongoing evolution within the stablecoin sector.
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