Tether CEO: Still focusing on markets outside the United States, plans to launch compliant stablecoins to attract institutional funds

according to Bloomberg, Tether CEO Paolo Ardoino said that despite the US advancing stablecoin legislation, Tether will still focus on overseas markets and pay attention to the impact of the "Genius Act" on foreign issuers.

He revealed that the company is considering issuing stablecoins that comply with the new regulations to attract institutional investors, and is in talks with the Big Four accounting firms for a formal audit, with BDO Italy currently responsible for the review. Regarding the plan for large banks to jointly issue stablecoins, Ardoino said Tether's customer base is the 3 billion people worldwide who are not connected to the banking system, and he is not worried about competition.