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Tether CEO: Ensuring USDT Compliance with GENIUS Act, Plans to Launch Stablecoin Specifically for US Market
Summary: Following President Donald Trump's signing of the GENIUS Act, Tether CEO Paolo Ardoino stated that the company plans to ensure its flagship stablecoin USDT (token pegged to the US dollar) complies with the regulations for foreign stablecoin issuers under the GENIUS Act, allowing it to be traded in the US. Ardoino mentioned that Tether still ...
Following President Donald Trump's signing of the GENIUS Act, Tether CEO Paolo Ardoino stated that the company plans to ensure its flagship stablecoin USDT (token pegged to the US dollar) complies with the regulations for foreign stablecoin issuers under the GENIUS Act, allowing it to be traded in the US. Ardoino mentioned that Tether still intends to create a stablecoin based on the US market, while also seeking GENIUS approval for USDT. He mentioned that Tether's two products will cater to different needs of US customers. For example, USDT may be primarily used for overseas remittances in the US.
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Link: Tether CEO: Ensuring USDT Compliance with GENIUS Act, Plans to Launch Stablecoin Specifically for US Market [Copy]
