Tether Plans U.S. Market Return Following GENIUS Act Passage

Tether, the issuer of the world's most traded stablecoin USDT, is preparing to re-enter the U.S. market with a new institutional-focused strategy. CEO Paolo Ardoino confirmed development of domestic offerings for payments, interbank settlements, and trading during a Bloomberg interview.

The move follows President Trump's July 18 signing of the GENIUS Act at a White House ceremony attended by Ardoino and crypto leaders including Coinbase's Brian Armstrong. The legislation creates regulatory pathways for stablecoin issuers, potentially resolving Tether's longstanding U.S. legal challenges.

Tether's $60 million 2021 settlement with U.S. authorities and New York operational ban stemmed from reserve disclosure issues. The company now appears positioned to leverage its $83 billion market capitalization as stablecoins gain mainstream financial acceptance.