The new report suggests that Tether is planning to re-enter the US market, which is attributed to more favorable crypto regulations in the country.
Tether CEO Paolo Ardoino noted in an interview with Bloomberg on July 23, 2025 that it is moving forward with its US expansion strategy following the signing of last week’s historic Stablecoin Act.
In an interview, Ardoino said, “We are working to establish a US domestic strategy. We focus on the US institutional market and provide efficient and stable not only for payments but also for interbank settlements and transactions.”
Analysts look forward to Genius Act (guiding and establishing national innovation for US stubcoins) to redefine global finance by opening the door for banks, payment networks and technology companies to issue stubcoins.
Tether takes a genius and returns to the United States, this time focusing on banks and interbank settlements. Circles are subject to real competition and banks get nervous. Stablecoins have entered the financial system forever.
Sitting on the bystander, you’re just an extra thing. 💸#tether #USDT #geniusact pic.twitter.com/5cjj7ozqd3– Venorys (@venorys) July 24, 2025
In 2021, regulators banned Tether from operating in the United States, and the company demanded that New York and the US Commodity Futures Trading Commission (CFTC) pay a large $60 million fine to resolve false and misleading claims.
However, despite legal surveillance, Tether’s USDT continues to lead the global Stablecoin market with more than $162 billion in circulation, up 18% since its launch this year.
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Tether to stay focused on local markets outside of us
In an interview, Aldoino said that unlike the circle that was released in June this year, Tether has no plans to make it public, and saw more than 500% of the stock surge.
“In general, we’re not interested in becoming a public company,” he said. He added that the company will continue to focus on emerging markets, in addition to expanding in the US.
Ardoino explained that Tether’s global reach gives the company a competitive advantage, as evidenced by its strong adoption of USDT in Latin America, Africa and Asia, further cementing the notion that the company has a better understanding of the local market than its US-based Stablecoin publisher.
A report released by Bloomberg on May 23, 2025 noted that most of Tether’s assets are in compliance with the new Stablecoin bill, with the exception of Bitcoin and secured loans.
Tethers have been scrutinized for a long time because they did not provide evidence of reserves. However, during the interview, when asked about the same thing, Aldoino responded proactively, explaining that Tether had been in contact with the auditing company recently.
Big Four accounting firms do not audit company reserves, but BDO Italia Spa, the Italian branch of BDO Global, signs off to Tether’s quarterly proof. According to the latest proof released in March 2025, Tether had total assets worth $14.928 billion against Fiat-backed Stubcoin Holdings’ $1436.8 billion in debt.
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A US-centric coin that will be released soon?
Speaking to the publication last week, consistent with President Trump’s signature on the Genius Act, Aldoino confirmed Tether’s commitment to complying with the new bill and announced plans to meet the standards of foreign publishers. He also confirmed that Tether will run two separate versions of Stablecoins.
Ardoino said: “Institutions are used in a very efficient market and count single base points. Therefore, we need to build something suitable for this new market. Products built for these institutions “focus on payments and high, high efficiency.”
The company believes that US-centric coins serve a different purpose than USDT, which is widely distributed. However, the coin is still in the pipeline and the release date is not visible.
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Key takeout
Tether is eager to re-enter the US market and begins work to comply with the standards of US foreign issuers
Tether leads the global Stablecoin market with more than $162 billion in distribution. This has increased by 18% since its launch this year.
Tether CEO Paulo Aldoino said the company is not going to make it public anytime soon
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