Tether CEO: Focus on overseas market development, plans to launch compliant stablecoin

Gate News bot message, according to a report by Bloomberg, Tether CEO Paolo Ardoino announced that in the context of advancing stablecoin legislation in the United States, Tether will continue to focus on the development of overseas markets. Ardoino is closely following the specific provisions of the Genius Act that affect foreign issuers.

Ardoino revealed that Tether is considering the issuance of a stablecoin that complies with new regulatory requirements to attract institutional investors. At the same time, the company is in discussions with the Big Four accounting firms regarding formal audit matters, with the review work currently being handled by BDO Italy.

Regarding the plan for major banks to jointly issue stablecoins, Ardoino emphasized that Tether's target customer base is the 3 billion people globally who are unbanked.

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