Editor's PiCK
Both Tether and Circle Announce Their Positions Immediately After GENIUS Act Signing... U.S. Stablecoin Market Kicks Off in Earnest
Summary
- Following the signing of the GENIUS Act by President Trump, it was reported that Tether and Circle each announced their respective U.S. market strategies.
- Tether revealed plans to officially launch USDT in the U.S. and to introduce a local stablecoin based on GENIUS Act compliance.
- Circle stated that the GENIUS Act officially recognizes its compliance model and mentioned intentions to strengthen its market presence.
Immediately after U.S. President Donald Trump signed the stablecoin regulatory bill, the GENIUS Act, Tether and Circle each announced their U.S. market strategies.
According to Decrypt on the 19th (local time), Paolo Ardoino, CEO of Tether, stated, "We plan to officially launch USDT in the U.S. in compliance with the GENIUS Act, and will also release a local stablecoin that aligns with domestic regulations."
Jeremy Allaire, CEO of Circle, commented, "The GENIUS Act officially recognizes our existing compliance model," and added that they "intend to strengthen their position in the market."
Meanwhile, both CEOs attended the signing ceremony at the White House, but it was reported that there was no interaction or conversation between them.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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