Tether Prioritizes Foreign Markets Amid US Regulatory Developments
- Tether’s CEO, Paolo Ardoino, confirms focus on foreign markets as the Genius Act progresses in Congress.
- The Genius Act aims to regulate dollar-pegged crypto assets in the US.
- Tether ceased serving US customers in 2018 and is based in El Salvador.
- Potential issues for Tether in the US include restrictions on backing USDT with Bitcoin.
- Tether serves a global customer base of approximately 3 billion unbanked individuals.
Despite the ongoing legislative process of the Genius Act, Tether remains focused on international markets, avoiding potential regulatory challenges within the US. The company emphasizes its commitment to serving unbanked populations worldwide.
Source (2.6)https://dailyhodl.com/2025/05/26/tether-will-stay-focused-on-foreign-markets-while-us-deals-with-regulations-according-to-ceo-paolo-ardoino-report/?rand=59076
