Tether CEO: Still Focused on Markets Outside the U.S., Planning to Launch Compliant Stablecoin to Attract Institutional Funds

BlockBeats News, May 25th, according to Bloomberg, Tether CEO Paolo Ardoino stated that despite the U.S. advancing stablecoin legislation, Tether will still focus on international markets and pay attention to the impact of the "Genius Bill" on foreign issuers.

He revealed that the company is considering issuing a compliant stablecoin to attract institutional investors and is currently in discussions with the Big Four auditing firms for a formal audit, with the current review being handled by BDO Italy. Regarding the plan for large banks to jointly issue a stablecoin, Ardoino stated that Tether's customer base consists of the 3 billion people worldwide who are unbanked and is not worried about competition.