Tether's CEO Says USDT Is Coming to America—And Circle’s CEO Isn’t Afraid
2025-07-18 22:17:17
Main Idea
Tether's CEO Paolo Ardoino announced plans to ensure USDT complies with the GENIUS Act, while also considering a U.S.-specific stablecoin, amid competition with Circle.
Key Points
1. Paolo Ardoino, CEO of Tether, stated that USDT will comply with the GENIUS Act's regulations for foreign stablecoins.
2. Tether is considering creating a U.S.-specific stablecoin to meet American regulatory requirements.
3. USDT, with a $161 billion market cap, faces potential exclusion from the U.S. market under new laws.
4. Circle CEO Jeremy Allaire expressed confidence that the GENIUS Act aligns with Circle's business model.
5. Tether and Circle, despite being competitors, were both present at the GENIUS Act signing ceremony at the White House.
Description
Leaders of the world’s top two stablecoin companies laid out their plans for the future after President Trump signed sweeping stablecoin legislation into law.
Latest News
- Tether's CEO Says USDT Is Coming to America—And Circle’s CEO Isn’t Afraid2025-07-18 22:17:17
- Public Keys: Coinbase and MSTR Break Records, and Who's Holding Strategy's Bitcoin Billions?2025-07-18 21:36:17
- XRP Leaves Dogecoin Chasing Its Tail, Ethereum in the Ether: Analysis2025-07-18 21:20:56
- Bitcoin Dominance Sinks as Ethereum, XRP Rise2025-07-18 20:45:39
- Trump Signs GENIUS Act Into Law, Ushering In Crypto’s Integration With US Economy2025-07-18 19:32:03