Close Menu
Crypto Chain Post
    Trending

    Matt Furie NFTs Crater 97% After Mint Exploit

    June 21, 2025

    BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?

    June 21, 2025

    Launchcoin Tumbles as Believe App’s Revenue Falls 94% from May Peak

    June 21, 2025

    ETF inflows slow, yet bullish setup forms

    June 21, 2025

    Polkadot hits oversold extremes: is a rebound imminent?

    June 21, 2025
    Facebook X (Twitter) Instagram TikTok Telegram
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    Saturday, June 21
    Crypto Chain Post
    Price Index Newsletter
    • Home
    • News
      • Bitcoin
      • Ethereum
      • Altcoin
    • Blockchain
    • Markets
    • NFTs
    • DeFi
    • Web3
    • Analysis
    • Metaverse
    • Resources
      • Price Index
      • Crypto Heatmap
      • Glossary
      • Exchange
      • Economic Calendar
    • More
      • GameFi
      • ICO
      • Legal
      • Security
    Crypto Chain Post
    Home » Tether Will Stay Focused on Foreign Markets While US Deals With Regulations, According to CEO Paolo Ardoino: Report
    Altcoin

    Tether Will Stay Focused on Foreign Markets While US Deals With Regulations, According to CEO Paolo Ardoino: Report

    News RoomBy News RoomMay 27, 2025No Comments2 Mins Read

    Tether chief executive Paolo Ardoino reportedly says that the stablecoin issuer will stay focused on foreign markets as a stablecoin regulatory bill works through Congress.

    According to a new report by Bloomberg, Ardoino says that even though the Genius Act, an industry-backed bill to regulate dollar-pegged crypto assets in the US, is making its way through Congress, Tether will remain focused overseas.

    “It is important for us to see how the Genius Act is distinguishing between foreign issuers and domestic issuers. For us, the main interest will remain outside of the US. We are looking at the Genius Act in a way that will allow us to be compliant. We can be compliant while still having a strong focus on foreign markets.”

    Tether, which is based in El Salvador, is the largest stablecoin issuer in the world but stopped serving customers in the US in 2018.

    However, the report says that if Tether were to focus on the US, it may run into issues such as backing USDT with Bitcoin (BTC), which currently isn’t allowed due to regulations.

    Ardoino goes on to say that since Tether isn’t focused on the US, the firm isn’t worried about major banks – such as JPMorgan Chase, Bank of America, Citigroup, Wells Fargo – venturing into the world of stablecoins and issuing their own.

    “We are not worried about the competitors coming from big banks, because they will look at the Western world. Our customer base are the 3 billion people unbanked that are not touching the banking system.”

    Follow us on X, Facebook and Telegram

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Generated Image: Midjourney

    Read the full article here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related News

    Launchcoin Tumbles as Believe App’s Revenue Falls 94% from May Peak

    June 21, 2025

    Solana highlights 3,200 active devs, $1b+ app revenue for second straight quarter

    June 21, 2025

    What is Pi Network’s Pi2Day and Should Pioneers be Excited

    June 21, 2025

    Tokens Across Major Blockchain Ecosystems Show Strong Weekly Gains in June 2025

    June 21, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top News

    BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?

    June 21, 2025

    Launchcoin Tumbles as Believe App’s Revenue Falls 94% from May Peak

    June 21, 2025

    ETF inflows slow, yet bullish setup forms

    June 21, 2025
    Advertisement
    Demo
    Crypto Chain Post
    • Home
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Crypto Chain Post. All Rights Reserved.

    71-75 Shelton Street, Covent Garden, London United Kingdom, WC2H 9JQ

    Type above and press Enter to search. Press Esc to cancel.