CEO of the company, Paolo Ardoino, announced this in his post on X.
“We are preparing to launch two new products,” Ardoino wrote.
He also played with the name of the month November, referring to it as Tethember.
At Tether we’re getting ready to release 2 new products this month
Tethember 🦾— Paolo Ardoino 🤖🍐 (@paoloardoino) November 1, 2024
Later, he mentioned that although the launch was initially planned for earlier, the U.S. presidential elections would dominate the news during this time, prompting the company to postpone the launch of the new products by a week. Therefore, it is expected that Tether will introduce users to the new products within a week after the elections conclude. According to some media reports, the launch is scheduled for November 10.
Any product / announcement done this coming week would end up likely obliterated by the election noise.
Gotta push back new product release by 7 days.— Paolo Ardoino 🤖🍐 (@paoloardoino) November 3, 2024