Tether CEO: "Plans for Entry into U.S. Institutional Stablecoin Market Progressing Smoothly"
Suehyeon Lee
Summary
- The CEO of Tether stated that strategies for business expansion in the U.S. are progressing smoothly.
- He mentioned that the plan to enter the institutional stablecoin market is going well and is expected to be announced within the next two months.
- This remark was made shortly after President Trump signed the stablecoin regulatory bill.
Tether’s plans for business expansion in the United States are reportedly progressing smoothly.
On the 23rd (local time), Paolo Ardoino, CEO of Tether, stated in an interview with Bloomberg TV, "Strategic planning within the U.S. is progressing well. The plan to enter the institutional stablecoin market is also proceeding successfully, and we expect to announce it within the next two months."
This statement came less than a week after U.S. President Donald Trump signed the GENIUS Act, a stablecoin regulatory bill. Previously, in April, Ardoino disclosed plans to launch stablecoins targeting U.S. institutional investors to The Block.
Suehyeon Lee
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