Home » Tether Reaffirms Global Strategy as U.S. Stablecoin Bill Advances

Tether Reaffirms Global Strategy as U.S. Stablecoin Bill Advances

27.05.2025 9:00 1 min. read Alexander Stefanov
SHARE: SHARES
Tether Reaffirms Global Strategy as U.S. Stablecoin Bill Advances

As U.S. lawmakers debate new rules for regulating stablecoins, Tether CEO Paolo Ardoino says the company will continue prioritizing international markets over re-entering the American financial system.

Speaking to Bloomberg, Ardoino commented on the proposed Genius Act, a legislative effort designed to bring regulatory clarity to dollar-backed digital assets. While the bill is gaining traction in Congress, Tether remains cautious.

“Our primary focus will remain abroad,” Ardoino said, emphasizing that the company is monitoring how the legislation differentiates between foreign and U.S.-based issuers. “We can ensure compliance without shifting away from international markets.”

Tether, which relocated to El Salvador and halted U.S. operations in 2018, currently dominates the stablecoin sector globally. However, strict U.S. regulations—such as prohibiting stablecoins backed by Bitcoin—pose limitations that conflict with Tether’s reserve strategy.

Despite growing interest from major banks like JPMorgan, Citi, and Wells Fargo in launching their own stablecoin offerings, Ardoino dismissed concerns about competition. “Their focus will be the Western financial system,” he said. “We’re building for the billions who remain excluded from it.”

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Others News
No Comments yet!

Your Email address will not be published.