Since the view of the crypto currency in the United States has undergone significant changes under Trump’s second administration, the company behind USDT’s largest stablecoin is considering starting a special start to the USA. stablecoin.
This potential movement comes in response to ongoing debates on regulatory frameworks for digital assets, which Paolo Ardoino, CEO of TETHER, believes that it can encourage newly entering the market.
In the midst of regulatory changes, expansion eyes
Lately report Financial Times and Ardoino stressed that Tether is actively involved in speeches on US regulations regulating Stablecoins – digital currencies fixed to Fiat currencies such as dollars.
The CEO of the company, the White House recognizes the Stablecoins as “an important tool for the United States ,, which could pave the way for Tether to create a specially designed coin for American users.
Currently, Tether’s Stablecoin is widely traded with a circulation of approximately $ 144 billion and makes up 70% of the overall stablecoin market. However, the company does not accept customers from the US, which may change if appropriate arrangements are established.
The ground for Tether’s potential expansion to the US market includes the President’s administration. Donald TrumpIt refers to the ambitions of positioning the US as the “Crypto Capital of the planet”. Trump called for new arrangements for Stablecoins to be ready until August and created a sense of urgency in the industry.
As proved by the Securities and the Stock Exchange Commission (SEC), the regulatory environment varies by stopping or rejecting most legal action against various crypto currencies organizations.
In addition, SEC’s corporate finance department has recently announced that Stablecoins has not been classified as securities, and alleviated some regulatory loads under the rule of Biden.
Legislative support for Stablecoins
According to the Financial Times, Paolo Ardoino’s optimism in entering the US market with this potential new stablecoin is supported by these developments.
CEO, if new rules make the domestic Stablecoins competitive, a domestic stablecoin This may effectively function as a settlement currency.
Therefore, industry experts reiterate Ardoino’s feelings about the necessity of a compatible federal framework for Stablecoins.
Jonathan Levin, Founding Partner and CEO of Chainalysis, stressed that it is difficult for financial services companies to adopt a larger scale of financial services companies and international enterprises without such a framework.
However, it can be a sign of what will happen with positive news to the Stablecoin sector. to go forward A few invoices were brought to further support the growth of stablecoins, one of the deputies supporting the US digital assets in the United States.
Last year, Tether reported a profit of $ 13 billion and showed interest in such crypto currencies among wider market difficulties. On the other hand, Circle behind the UDSC Stablecoin, now planning To be open to the public in the USA.
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