Tether Holdings SA has announced ambitious plans regarding its business in the US. The company intends to re-enter the US market following the adoption of the landmark digital asset legislation signed by US President Donald Trump. Let’s see how this plan unfolds …
The stablecoin issuer is actively working on developing its own strategy for the US domestic market, Paolo Ardoino, CEO of Tether, commented on the decision. It is focused on America's institutional markets. According to Ardoino, the company aims to provide an efficient stablecoin for payments, as well as for interbank settlements and trading.
Tether currently issues USDT, the most traded cryptocurrency by volume. This dollar-pegged token was designed to maintain a stable value.
The Genius Act, signed by President Trump, is meant for the expanded use of stablecoins. It envisions that tokens will be used beyond crypto market transactions, including in cross-border transfers and business payments. The law also creates vast opportunities for banks, payment systems, and tech companies looking to issue their own stablecoins.
Importantly, Paolo Ardoino was present at the White House when Donald Trump signed the stablecoin legislation. The businessman joined other leaders from the crypto and financial industries, staying at the forefront of innovation.
