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The post Crypto News: Tether Doubles Down on U.S. Market as Regulation Opens the Door appeared first on Coinpedia Fintech News Tether CEO Paolo Ardoino announced on Wednesday that the company will expand its operations in the U.S., focusing mainly on serving big institutions with its stablecoin for payments and settlements. This move comes just a week after President Donald Trump signed the GENIUS Act, a new law targeted at regulating stablecoins in the country. Tether Expanding in the US Amid the Evolution of Stablecoin As the U.S. continues to advance in digital asset regulations, especially with the recent stablecoin legislation, companies like Tether are showing growing interest in expanding their presence in the country. In a recent television interview, Ardoino said the company has no plans to go public. Instead, its main focus is on making meaningful progress and building its business in the U.S. Ardoino said, “We are well in progress of establishing our U.S. domestic strategy,” and plans to focus on payments, interbank settlements, and trading. He asserted that the plan for building an institutional market is well underway and will be announced in the next couple of months.  According to Bloomberg, Tether CEO Paolo Ardoino said the company is planning to re-enter the U.S. market with a focus on institutional clients, offering stablecoins for payments, interbank settlements, and trading. He emphasized that Tether has no intention of going public and… — Wu Blockchain (@WuBlockchain) July 23, 2025 Intense Competition for Stablecoin Market  With stablecoin development gaining momentum in the U.S., global companies are navigating through a growing number of players to set up their businesses in the country. Tether is expected to face tough competition as major traditional banks like Bank of America, Citigroup, and Wells Fargo prepare to launch their own stablecoins. Despite the growing…

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Filed under: News - @ July 24, 2025 7:24 am