Recent reports indicate Tether’s intention to re-enter the U.S. market, spurred by evolving crypto regulations in the nation.

Paolo Ardoino, the CEO of Tether, revealed during an interview with Bloomberg on July 23, 2025, that progress is being made on their U.S. expansion strategy following the recent establishment of a historic stablecoin legislation.

“We are well in progress of establishing our US domestic strategy. It’s going to be focused on the US institutional markets, providing an efficient stablecoin for payments but also for interbank settlements and trading.”
“Estamos avanzando en el establecimiento de nuestra estrategia doméstica en EE. UU. Se centrará en los mercados institucionales de EE. UU., proporcionando un stablecoin eficiente para pagos, así como para liquidaciones interbancarias y operaciones.”

Experts predict that the GENIUS ACT (Guiding and Establishing National Innovation for U.S. Stablecoins) could transform global finance, paving the way for banks, payment systems, and tech companies to issue their own stablecoins.

Analysts note that Tether’s return coincides with the GENIUS Act, setting the stage for increased competition against Circle and potential nervousness amongst established banks. As stablecoins firmly establish themselves in the financial system, those who hesitate risk being sidelined.

In 2021, Tether was prohibited from operating in the U.S. and mandated to pay a substantial $60 million fine to New York State and the U.S. Commodity Futures Trading Commission (CFTC) due to misleading claims.

Despite this past backlash, Tether’s USDT continues to dominate the global stablecoin market, boasting over $162 billion in circulation, which represents an 18% growth since the year began.

Tether’s Continued Focus Abroad

During the interview, Ardoino asserted no desire for Tether to go public, drawing a contrast to Circle, which debuted publicly in June 2025 and saw significant stock growth of over 500%.

“In general, we are not interested in becoming a public company.”
“En general, no estamos interesados en convertirnos en una empresa pública.”

While Ardoino emphasized Tether’s focus on expanding into emerging markets, he acknowledged the challenges posed by legal compliance and was optimistic about engaging with auditing firms for transparency.

In a statement, Ardoino highlighted Tether’s robust presence with assets closely aligning to the new regulations, save for areas concerning Bitcoins and secured loans. Their dealings with BDO Italia SpA, although not from the ‘Big Four’, show an inclination towards greater accountability.

Future Plans for U.S. Stablecoins

Following the recent signing of the GENIUS Act, Ardoino affirmed Tether’s dedication to meeting foreign issuer requirements and plans to operate two distinct stablecoin versions. He articulated that institutions expect exceptional efficiency, particularly in U.S. financial markets.

Ardoino concluded, “Institutions are used to super-efficient markets, and they will count the single basis point; and so, for that reason, we need to build something that is proper for this new market. The product built for those institutions will focus on payments and high, high, high efficiency.”
“Las instituciones están acostumbradas a mercados súper eficientes, y contarán cada punto de base; y por esta razón, necesitamos construir algo apropiado para este nuevo mercado. El producto diseñado para estas instituciones se centrará en pagos y alta, alta, alta eficiencia.”