The price of bitcoin was modestly lower at $96,700 in the moments following the news.

The company's U.S. plans depend on the final stablecoin legislation, and is aiming to create a "payment product" that institutions can use, Paolo Ardoino said in a CNBC interview.

Avalanche (AVAX) was also among the underperformers, falling 2.4% from Thursday.

On Friday, bitcoin traded between $96,869 and $97,057 over the last hour, maintaining a tight range near recent highs.

During an interview, Paolo Ardoino, Tether’s CEO, disclosed that the firm intends to introduce a new stablecoin for the U.S. market this year.

Sell-side bulls from Benchmark and TD Cowen viewed Michael Saylor and team's plan as a bold yet realistic escalation of its bitcoin-focused strategy amid rising institutional interest.

In just 15 days, the tokenized Treasury market ballooned by $560 million, catapulting its total value to an impressive $6.5 billion.

Ahead of Consensus 2025, the investor and TV personality shares his crypto portfolio strategy, why he won’t touch bitcoin ETFs, and what could unleash trillions into digital assets.

The group rolled out its own stablecoin in January to avoid traditional currency restrictions.

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The Financial Conduct Authority (FCA), Britain's financial watchdog, has decided to stop institutions from offering credit to purchase crypto.

"I don’t think focusing on Bitcoin DeFi will dilute or complicate Bitcoin’s core narrative." Farrelly said.

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The IRS has relied on voluntary disclosure programs to bring taxpayers into compliance rather than imposing punitive actions upfront. A similar model should be applied to crypto regulation as well, says Miles Fuller, Director of Government Solutions, TaxBit.

Digital assets edged higher Friday in step with U.S. equities, buoyed by hints that Washington and Beijing are dialing back their trade spat.

The U.S. economy added a higher-than-expected 177,000 jobs in April, sparking a rally in stock markets as bitcoin climbed closer to $98K.

Bitcoin has exited its bearish phase as improving liquidity conditions and record stablecoin reserves signal renewed market strength.

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The pair took voluntary resignation offers and left their positions after only a little more than a year of government service, according to two people.

Sen. Lummis declared this week she is “particularly pleased” with President Trump’s endorsement of her proposed strategic bitcoin reserve.