Tether Bets on Vietnam: Crypto Now Has a Friendly Tourist Guide

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Tether, the badge-wearing flag-bearer of the world’s most famous stablecoin, USDT, is unfurling its global map with the enthusiasm of a tourist who has just found a shiny new souvenir. The bright idea this time is to partner with Vietnamese outfits to coax the country’s crypto scene out of the limbo of curiosity and into something more like a proper, invoice-paying hobby. 🚀

This grand plan arrives on the back of Vietnam giving the nod to a five-year trial program that will test and regulate crypto trading platforms. It’s the sort of palette-cleanser moment a country needs when it wants to pretend it’s teething on modern finance without accidentally swallowing a blockchain whole. 💼

Marco Dal Lago, Vice President of Global Expansion and Strategic Partnerships at Tether, sounded upbeat during a meeting with Deputy Prime Minister Ho Duc Phoc. He called Vietnam an “important and promising market” for digital asset expansion and hinted that Tether is ready to share the hard-won wisdom of building clear rules and financial systems that attract investors and give the economy a little extra sparkle. “We’re prepared to help lay out a framework,” he hinted, as if saying, “We’ve done this a few times before, and yes, it does work-mostly.” 🤖

Vietnam’s strategic crypto plan

The Vietnamese government recently rolled out Resolution 5, which allows up to five licensed crypto exchanges to run on a trial basis. The goal is to gather real-world experience before drafting the official laws that will govern the wild, wonderful world of digital coins. 🏗️

Deputy Prime Minister Phoc stressed the need for careful regulation. “Crypto-asset trading is a very new issue with potential risks,” he said. “This will be a professional ‘playground’ for investors and people, and at the same time a channel to attract financial resources.” He added that Vietnam will continue cooperating with “large, reputable, and highly reliable technology groups” to ensure a safe and transparent trading environment. It’s a nice way of saying, “Let’s not burn the house down while we learn to light a candle.” 🕯️

Tether’s expanding footprint

Tether is expanding its empire at a pace that would make even a caffeinated cheetah blink. Recently, Aptos announced that Kraken now supports USDT on its blockchain. Since Aptos’s October 2024 launch, the amount of USDT on the network has multiplied eightfold, now accounting for nearly 75% of all stablecoins on that chain. Talk about a crowd-pleasing cameo. 💸

Additionally, Tether Gold (XAUt) has crept past a market value of over $1.5 billion, as reported by Katusa Research. The gold-backed token has surged from around $650 million in 2024, suggesting that investors are increasingly fancying digital assets tied to something that has actually existed since the dawn of human coins. 🪙

LOOKOUT: Tether Gold has now passed $1.5 billion in market cap

Stablecoins are coming after the gold sector

– Katusa Research (@KatusaResearch) October 8, 2025

Tether’s push into Vietnam makes it clear: stablecoins aren’t simply along for the ride-they’re looking for some real growth as the country shifts from watching crypto to building it. 🚀

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2025-10-10 14:44