As CEO Paolo Ardoino, Tether is weighing a heavy entry into the US domestic Stablecoin market, which determines the US clarity to launch a compatible coin. The world’s largest stablecoin exporter wants to return its strategy, such as Washington’s increasing regulatory efforts and corporate support concentration for dollar -supported digital assets.
While talking about On the verge of Podcast, Ardoino, Tether said that it was “open, to create an indigenous stablecoin, but that it would require a special operating model according to US regulations. “We are watching the bill,” he said, referring to the proposed legislation discussed in the Congress.
This is a market we never played and we will have to understand how to fit.
This potential expansion occurs while trying to repair its image and align more closely with US policy makers. USDT still commanded more than 60% of the $ 230 billion stablecoin market, while regulatory headings pushed to rethink global footprint.
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- Tether’s total market value. Source: fashion show.
In the European Union, stock exchanges examined USDT in 2024 due to MICA compatibility problems. In the United States, a CFTC fine of $ 42.5 million in 2021 fined a long shadow – one is eager to go beyond Ardoino.
Regulatory movements from Tether
Tether began to work closer to federal agencies, including Domes and Treasury, and has recently helped to freeze $ 9 million due to a record -breaking crypto hack. It is also reported that the company has negotiated with the Big Four inspection company to conduct a long -awaited inspection of its reserves. Ardoino confirmed that both global and future US Stablecoins will enter into full control and call the transparency as the “upper part of our priority list”.
The regulatory momentum is open. President Donald Trump supported Stablecoins and framed them as tools to expand the US dollar dominance. The management is now supporting the Genius Law, which progresses through the Senate, which aims to establish a federal framework for Dollar -supported Stablecoins with its 1: 1 support requirements and AML guards.
As Cryptomode reported, the company recently became the seventh largest owner of US Treasury bonds.
