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CEO Confirms Tether’s U.S. Strategic Expansion Is Underway - Crypto Economy
TL;DR
Tether, the world’s largest stablecoin issuer by circulation, is gearing up to reestablish a strong presence in the United States after retreating in 2021 under regulatory pressure. CEO Paolo Ardoino recently highlighted that the company’s renewed U.S. push will target institutional payment rails, interbank settlements, and trading, aiming to strengthen the position of USDT as the go-to digital dollar for cross-border and domestic transactions.
The timing appears favorable. The GENIUS Act, signed last week by President Trump, opens the door for stablecoins to integrate more deeply into mainstream finance. Unlike its main rival Circle, which has opted for a public listing and faces the scrutiny that comes with it, Tether remains private and says it prefers the flexibility to evolve without the constraints of public markets.
Focus On Institutional Growth And Transparency
Despite past fines and a ban from New York, Tether’s USDT has maintained an iron grip on the stablecoin market with a circulation now surpassing $162 billion more than double that of USDC. Ardoino has hinted that the company’s long-promised audits could soon materialize, after renewed discussions with reputable auditing firms. This step would mark a major confidence boost for the crypto-friendly segments of Wall Street eyeing stablecoins as a settlement layer.
Circle’s decision to go public brought it under tighter investor and regulatory scrutiny, but Tether appears undeterred by its rival’s recent 500% stock surge. Instead, Ardoino argues that remaining private gives Tether an edge to adapt quickly in an industry where innovation moves faster than traditional corporate structures can handle.
Emerging Markets Still Hold The Key
While expanding at home, Tether has no plans to neglect its stronghold in emerging markets, where its stablecoin often acts as a dollar substitute for millions facing volatile local currencies. Ardoino insists that these regions remain critical for the company’s growth, especially as developing economies increasingly turn to crypto to bypass outdated banking systems.
Looking ahead, Tether is reportedly working on a new U.S.-pegged stablecoin and continues to publish quarterly attestations signed by BDO Italia. Although some reserves still include Bitcoin and secured loans, the company claims its portfolio aligns with incoming U.S. compliance standards