Editor's PiCK
'Trump Effect'... Tether, the No.1 Stablecoin, Considers Entering the US Market
Summary
- Tether has announced that it is considering entering the US market.
- President-elect Trump is expected to implement crypto-friendly policies.
- Tether emphasized the need for clear regulations, hinting at the possibility of a US-centric reorganization of the crypto market.
The world's largest stablecoin issuer, Tether (USDT), is considering entering the US market. This is interpreted as an effect of Donald Trump, the US President-elect, who is expected to implement crypto-friendly policies.
On the 16th (local time), Paolo Ardoino, CEO of Tether, stated in an interview with Bloomberg, "We do not rule out the possibility of entering the US market," adding, "However, clear regulations and guidelines must be in place."
Meanwhile, Tether was delisted from Coinbase, a leading US-based cryptocurrency exchange listed on Nasdaq. The reason is that Tether failed to comply with the European Union's (EU) comprehensive crypto regulation (MiCA) that recently came into effect.
There is also an interpretation that this reflects Trump's intention to reorganize the crypto market around the US. In fact, Coinbase is fully supporting the US-based stablecoin USD Coin (USDC).
Doohyun Hwang
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