Tether CEO Paolo Ardoino Reveals the Arrangement the Company Was Waiting for to Expand Its Presence in the US! Here Are the Details
The post Tether CEO Paolo Ardoino Reveals the Arrangement the Company Was Waiting for to Expand Its Presence in the US! Here Are the Details appeared on BitcoinEthereumNews.com.
Tether CEO Paolo Ardoino expressed interest in expanding the company’s presence in the United States but emphasized a cautious approach due to ongoing regulatory uncertainty. Tether CEO Signals Cautious Approach to US Expansion Amid Regulatory Uncertainty Ardoino emphasized that clearer direction is needed before making significant moves in the U.S. market. “I wouldn’t rule out Tether moving a little closer to a U.S. presence, but we’re doing that cautiously,” Ardoino said. “We need regulatory clarity and guidance right now. We need to see what the laws from the U.S. look like and then we’ll make a decision.” Ardoino’s comments align with growing expectations for regulatory changes, especially as President-elect Donald Trump is expected to prioritize cryptocurrency by signing an executive order declaring it a national priority shortly after he takes office on Jan. 20. In an earlier speech at DC Fintech Week, Ardoino praised the US for its history of technological leadership but lamented delays in crypto regulation, saying, “This is the first time in history that I see the US dropping the ball.” Moving to El Salvador and Regulatory Praise Tether recently moved its operations from the British Virgin Islands to El Salvador after receiving a digital asset service provider license on Jan. 13. Ardoino described El Salvador’s licensing framework as “comprehensive” and urged other countries to follow its example. Tether recently emphasized its commitment to freedom of expression by investing $775 million in video-sharing platform Rumble. “There’s been a lot of 180-degree turnaround in big tech. Now freedom of expression is cool again. Few have ever believed in it. We’re grateful to invest in Rumble,” Ardoino commented. Tether’s flagship stablecoin USDT has a 64% market share with a market cap of $137 billion, according to CoinGecko. As the regulatory environment evolves, Tether’s cautious yet strategic approach could position…
Filed under: News - @ January 18, 2025 12:24 am