Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and HKT have announced a collaborative venture to create and issue a stablecoin backed by the Hong Kong dollar.
Tether has been proactively engaging with US politicians to influence forthcoming regulations.
US Federal Reserve Governor Christopher Waller highlighted the potential of stablecoins to enhance the global influence of the US dollar.
Tether’s recent move aims to directly integrate USDT stablecoin with Bitcoin’s infrastructure.
The European Securities and Markets Authority (ESMA) has established strict deadlines for crypto companies to take action against stablecoins that do not comply with the new MiCA.
Tether CEO Paolo Ardoino expressed interest in potentially expanding the company’s presence in the United States, but remains cautious as regulatory changes are still uncertain.
Stuart Hoegner, the General Counsel for Tether and Bitfinex, has retired.
