Tether Eyes Global Growth as U.S. Regulation Looms, CEO Confirms

Tether CEO Paolo Ardoino says the company will continue focusing on foreign markets, despite the U.S. Congress advancing the Genius Act—a bill aimed at regulating dollar-backed stablecoins.

Ardoino emphasized that Tether, based in El Salvador and no longer serving U.S. customers since 2018, is monitoring the legislation to ensure compliance without shifting its international priorities. He also noted that U.S. regulations, such as restrictions on backing USDT with Bitcoin, make domestic expansion less attractive.

Tether isn’t concerned about competition from major U.S. banks entering the stablecoin space, as its target remains the three billion unbanked people outside the traditional banking system.

Clever Robot News Desk 28^th May 2025