Despite probable USDT issuance bans, Tether CEO maintains that the company has no plans to depart the US market.
To preserve its market position in the United States, a new regulatory-compliant stablecoin is being developed.
If anyone thinks that the US ban could cause Tether to slowly retreat, they need to think again. Paolo Ardoino, CEO of Tether, emphasized that despite the possibility of the US banning the issuance of USDT in its territory, the company will not leave the market. Instead, they are preparing to launch a new stablecoin focused on payments and fully subject to US regulations.
This step looks like a middle ground. On the one hand, USDT is maintained to meet the needs of developing countries—regions that have been the backbone of stablecoin use. On the other hand, Tether also wants to remain relevant and legal in the world’s largest economy.
Tether CEO Paolo Ardoino stated that even if U.S. legislation bans the issuance of USDT in the country, the company has no
