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