Tether Leader Affirms Company's Approach to US Resurgence Following Trump's Approval of GENIUS Act
Following the passage of the GENIUS Act, Tether, the issuer of the world's largest stablecoin, is planning to return to the US market. The company aims to launch a U.S.-specific stablecoin regulated under the new GENIUS Act framework, designed for institutional use cases such as payments, interbank settlements, and trading.
Tether's CEO, Paolo Ardoino, confirmed that this U.S. expansion will be part of a domestic strategy targeting the U.S. institutional markets, rather than retail. The focus is on providing an efficient and regulated stablecoin for payment systems and interbank transactions, differentiating it from its previous approach and also from competitors like Circle's USDC, which is publicly listed. Tether will continue operating privately, avoiding public listing and aiming to build regulated partnerships in the U.S.
The passage of the GENIUS Act, signed by President Trump, is regarded as a key catalyst for Tether’s renewed U.S. push. The law establishes a regulatory framework that makes it feasible for stablecoins like USDT to integrate more deeply into traditional financial systems. This legislative change is expected to enable banks, payment networks, and technology firms to issue stablecoins under clear guidelines, paving the way for Tether’s market expansion and allowing it to better compete against rivals such as Circle.
Tether's U.S. expansion plans involve launching a U.S.-specific stablecoin under the new regulatory framework, targeting institutional markets with use cases including payments, trading, and interbank settlements. The company will remain a private company without an IPO to maintain operational flexibility. They also plan to leverage their understanding of local markets to gain a competitive advantage in the U.S. market.
The re-entry of Tether into the U.S. market is expected to bring stiff competition for Circle, the current leader in the U.S. stablecoin market. Tether's global reach extends to Latin America, Africa, and Asia, providing an edge over US-based stablecoin issuers. Tether had previously withdrawn from the U.S. market due to ongoing regulatory uncertainties and compliance challenges, but the company now indicates it has resumed discussions with auditors as part of its reentry preparations.
Tether's CEO, Paolo Ardoino, stated during a Bloomberg interview that Tether is ready to engage directly with U.S. regulators. The company's focus on institutional payments and settlements as part of its reentry strategy into the U.S. market is a clear indication of its commitment to compliance and regulation.
The GENIUS Act offers legal ground for Tether to compete directly with Circle in sectors like interbank settlement and cross-border payments. As Tether prepares to re-enter the U.S. market, it is poised to bring its vast global experience and infrastructure to bear, potentially reshaping the U.S. stablecoin landscape.
- Tether's renewed interest in the US market, driven by the GENIUS Act, positions them for investing in the business sector, specifically focusing on providing a regulated stablecoin for institutional payment systems and interbank transactions, directly competing with firms like Circle.
- With Tether planning to leverage technology to launch a U.S.-specific stablecoin under the new regulatory framework, their strategy of focusing on institutional markets for payment, trading, and interbank settlements may influence the future of technology-driven finance and investing in the United States.
