Tether CEO: "Ready to enter the U.S. market"…holds $100 billion in U.S. Treasuries alone

Tether (USDT), the world’s largest stablecoin (a digital asset pegged to the value of fiat currency), has unveiled plans to expand into the United States. The company aims to use its U.S. entry as a springboard to broaden its global influence.

According to Bloomberg on the 13th (Korea time), Tether Chief Executive Officer (CEO) Paolo Ardoino said in an interview with the outlet, “Tether is a company with a massive financial arm,” adding that it “has the capability to invest across a range of industries on the back of substantial financial assets.”

He specifically identified the U.S. as a core area for future expansion. Tether has launched a U.S.-market stablecoin, USAT, and is moving to scale up its local business. Ardoino said, “We aim to reach millions of users on U.S. digital platforms,” adding that “building an inter-platform payment system is a near-term goal.”

Tether is also drawing attention as a major investor holding large amounts of U.S. Treasuries. Tether holds 63% of its stablecoin reserves in U.S. Treasuries, with the amount nearing $100 billion.

Meanwhile, Tether has recently been expanding its footprint by investing across a range of sectors. Bloomberg reports that Tether has invested in more than 140 companies worldwide. Ardoino stressed, “Tether is not simply a stablecoin issuer,” adding, “We are investing in industries that can have a major impact over the long term. Our goal is to build an ecosystem that can connect technology and finance.”