Tether Eyes US Expansion as New Stablecoin Rules Take Shape

Key Points

1. Tether is developing a US-specific stablecoin strategy focused on institutional markets, following the GENIUS Act.

2. The company is avoiding direct competition with USDC and instead focusing on building partnerships.

3. Tether faces ongoing legal scrutiny, including a 2018 investigation by the US Justice Department and a 2019 case resulting in an $18.5M fine and cessation of operations in New York.

4. Tether has been involved in positive initiatives, such as freezing $1.6M linked to terrorist financing and assisting the DOJ in a global scam crackdown.

5. CEO Paolo Ardoino highlights Tether's transparency and traceability as strengths in combating illicit financial activities.