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Tether Expands Focus to Foreign Markets

Tether Prioritizes International Markets Amid U.S. Regulatory Changes

  • Tether continues to focus on international markets despite U.S. regulatory changes.
  • CEO Paolo Ardoino highlighted the potential for a U.S.-compliant stablecoin.
  • The GENIUS Act is favored over MiCA for stablecoin regulation in the U.S.
  • MiCA requires dollar-backed stablecoins to hold 60% reserves in European banks, seen as impractical by Ardoino.
  • Over three billion people in emerging markets face banking challenges, which Tether aims to address with digital currencies like USDT.
  • The GENIUS Act passed preliminary review in the U.S. Senate on May 20, 2025.

Tether remains focused on global expansion, particularly in regions with limited banking access, while exploring a new stablecoin under the GENIUS Act framework following its preliminary Senate review on May 20, 2025.

Source (2.6)https://hodl.press/tether-prioritizes-foreign-markets-amid-u-s-regulatory-shifts/?rand=24434
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