Tether Plans to Increase Business Deals Amid Positive Regulatory Shift
Tether (USDT) is looking to expand into new markets, with CEO Paolo Ardoino stating that the company aims to overcome past regulatory challenges. Key points include:
- Ardoino criticized previous regulatory scrutiny, claiming it hindered Tether's growth.
- He anticipates changes with pro-crypto appointees from the Trump administration potentially lifting restrictions on USDT.
- Tether has invested in a firm associated with key Trump administration figures, which may facilitate its market expansion.
- The company plans to enhance its industry partnerships as earnings rise and currently boasts a market cap exceeding $141 billion.
Tether is also focusing on re-entering the US market amid evolving regulations under the Trump administration. Recent regulatory hurdles in Europe due to the Markets in Crypto Assets (MiCA) regulation have led to delistings of USDT on several platforms, impacting its market share.
- Tether expressed disappointment over MiCA laws, citing risks for EU customers.
- Despite challenges, Tether continues to lead in the stablecoin sector, recently integrating USDT with the Bitcoin network in El Salvador, enhancing both platforms' ecosystems.