Tether focuses on markets outside United States…"Concentrating on Asia, South America, and Africa"
Suehyeon Lee
Summary
- Tether announced that it plans to expand its business in markets outside United States.
- CEO Paolo Ardoino pointed to Asia, South America, and Africa as key markets.
- It is reported that the region where stablecoin flows are most active at present is the payment network between Singapore and China.
Stablecoin issuer Tether is planning to shift its business focus from the United States to emerging markets such as Asia, South America, and Africa.
According to Cointelegraph on the 5th (local time), Paolo Ardoino, Tether's CEO, stated that the company plans to focus on markets outside United States and identified Asia, South America, and Africa as key markets.
Meanwhile, the region where stablecoin transactions are currently most active is understood to be the Singapore-China payment network.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
