Tether Plans U.S.-Based Stablecoin as CEO Courts Lawmakers in Washington

By: crypto mode|2025/05/02 22:15:01

Tether (USDT) is preparing to launch a U.S.-based dollar-pegged token as early as this year. The move marks a strategic shift for a company long viewed warily by U.S. regulators. CEO Paolo Ardoino revealed the plan during an interview at the Token2049 conference in Dubai, according to CNBC . While details remain limited, the domestic stablecoin would differ from Tether’s existing USDT product, which circulates widely in global crypto markets. It comes amid regulatory tailwinds for its flagship stablecoin. “A domestic stablecoin would be different from the international stablecoin,” Ardoino told CNBC at the Token2049 conference. “It depends on the timeline of the final legislation... but we are looking at that by the end of the year, or early next year at the fastest.” Now headquartered in El Salvador, Tether is committed to gaining traction in Washington. Ardoino has reportedly held private meetings with lawmakers, including a lunch on Capitol Hill with Senator Bill Hagerty. That outreach coincides with a political environment that is more receptive to crypto under President Donald Trump. The GOP-backed GENIUS Act, now under discussion in Congress, could allow foreign stablecoin issuers like Tether to operate domestically if they agree to work closely with U.S. law enforcement—a requirement Ardoino says the firm already meets. “There is no company... even in the traditional financial system, that has such a breadth of collaboration with law enforcement,” he said. “We are always trying to do better and more to block criminal activity.” Tether Posts $1 Billion Profit in Q1 Tether’s record on transparency has drawn scrutiny in the past. In 2021, it paid $18.5 million to settle with the New York attorney general over allegations it misrepresented its reserves. Since then, the firm has hired independent auditors, partnered with Cantor Fitzgerald to manage its U.S. Treasury holdings, and claims to hold nearly $120 billion in government debt with $5.6 billion in excess equity, according to its latest attestation. In the first quarter of the year, the firm posted a profit of $1 billion on the reserves backing its stablecoins, which include U.S. Treasurys and cash equivalents. The stablecoin giant moves excess capital to strategic investments that diversify its revenue. These include renewable energy, data infrastructure, artificial intelligence, and stakes in public companies like Italian football club Juventus and South American agricultural firm Adecoagro. READ ALSO Immutable X (IMX) Outperforms Most Cryptocurrencies Today: Analysis Sui Network (SUI) Jumps 9% as 21Shares Files for U.S. ETF, Price Pushes Toward $4 Disclaimer This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins