Tether faces uphill battle launching new US stablecoin from scratch, says Bernstein

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Osato Avan-Nomayo

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Mentions

People	Max Feige, Bo Hines, Donald Trump
Organizations	Tether, Circle, Coinbase, Bullish, Anchorage Digital, Hyperliquid, Stripe

Code	Name
US	🇺🇸United States

Target	Sentiment	Comment
USDTUSDT	Bearish	Tether faces significant challenges in building liquidity and adoption for USAT in the US market.
USDCUSDC	Bullish	USDC has a strong head start and integration with US-compliant entities, making it dominant in the US market.
Stablecoins	Bullish	The stablecoin market is growing rapidly, with landmark legislation like the Genius Act providing regulatory clarity.