Tether Launches New 'Made in USA' Stablecoin to Challenge Circle's USDC

Tether, the issuer of the world's largest stablecoin USDT, is escalating its rivalry with Circle by introducing a new dollar-pegged cryptocurrency. This strategic move involves the launch of a new stablecoin, explicitly branded as 'made in America,' directly competing with Circle's USD Coin (USDC). The initiative aims to capture market share by emphasizing regulatory compliance and a U.S.-centric operational framework. This development marks a significant shift in the stablecoin landscape, intensifying competition for dominance in the multi-billion dollar market. Analysts suggest this could lead to greater innovation and transparency as both giants vie for institutional and retail adoption.