Tether and Circle CEOs Outline Plans for GENIUS Act Compliance as US Stablecoin Market Prepares for Expansion

Tether CEO Paolo Ardoino confirmed plans to register USDT under the newly enacted GENIUS Act, marking a strategic push into the US market. The offshore-issued stablecoin will undergo stringent compliance procedures, including enhanced anti-money laundering controls and reserve audits—a longstanding pain point for the controversial issuer.

Circle CEO Jeremy Allaire welcomed the regulatory clarity, positioning his USDC as a natural beneficiary of the legislation. The bifurcated approach—with Tether maintaining USDT's global presence while potentially launching a US-specific variant—highlights the growing segmentation in the $140B stablecoin market.

The GENIUS Act's foreign issuer pathway creates unprecedented access for offshore stablecoins, provided they meet Treasury Department oversight requirements. This development coincides with increased institutional demand for compliant dollar-pegged assets across both centralized and decentralized finance ecosystems.