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Tether Shifts Focus to Non-US Markets Amid Pending Stablecoin Legislation
Tether Shifts Focus to Non-US Markets Amid Pending Stablecoin Legislation
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Tether Holdings SA, issuer of the dominant USDT stablecoin, is strategically pivoting toward international markets as US lawmakers debate regulatory frameworks. The Senate’s recent advancement of the Genius Act—an industry-backed bill—coincides with House committee approval of separate stablecoin legislation, though neither has reached full adoption.
CEO Paolo Ardoino emphasizes Tether’s deliberate distancing from US jurisdictional uncertainty. With USDT commanding 60% of the stablecoin market and serving 420 million users globally, the company’s El Salvador-based operations position it to capitalize on emerging economies while monitoring potential extraterritorial implications of the Genius Act.
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