Tether CEO Cautious About U.S. Expansion, But Sees Big Profits Ahead

Tether, the stablecoin issuer, has considered expanding its presence in the U.S., but CEO Paolo Ardoino emphasized a cautious approach as the company awaits regulatory clarity. In a January 16 interview with Bloomberg TV, Ardoino said that the company is waiting for clearer regulatory guidelines before making decisions on expanding further. He stressed the importance of understanding the evolving legal landscape before taking any more steps. Companies like Tether are expected to benefit from the incoming administration’s more crypto-friendly stance. It is “a great opportunity to start looking at the US environment and how it will change,” Ardoino stated. This development comes as President-elect Donald Trump is anticipated to sign an executive order making cryptocurrency a national priority following his inauguration.