Tether (USDT), the world’s leading stablecoin issuer, might expand into the United States market. Tether’s CEO Paolo Ardoino, who stated this in an interview with Bloomberg TV, clarified that the organization was still considering regulatory guidelines. Tether Observing U.S. Regulatory Challenges Ardoino maintained that Tether’s next move would depend on the regulatory framework emerging after President-elect Donald Trump’s inauguration. Notably, there are high expectations that Trump might sign an executive order after his inauguration that will designate cryptocurrency as of national importance. This development could increase crypto activity in the U.S., and the world’s leading stablecoin issuers would look to leverage the favorable environment. Although Ardoino’s Tether has maintained a cautious disposition towards the U.S., it recognizes the huge market in the country. Tether has faced major roadblocks in the U.S. concerning regulatory compliance. The authorities have alleged Tether lacks transparency in its dealings. In 2021, Tether paid $41 million to the U.S. authorities over claims that it was not transparent with its reserves claims. Potential Regulatory Shifts and Opportunities In a recent move to lobby authorities, the stablecoin issuer, in September, hired Jesse Spiro, a former PayPal executive, to lead government relations. Ardoino said the move signals ongoing efforts by the company to improve its perception in the U.S. market. Crypto stakeholders expect efforts to regulate stablecoins in the U.S. to gain traction after Trump’s inauguration. It is worth noting that Senators Cynthia Lummis and Kirsten Gillibrand have put forward a proposal that aims to establish a clear legal framework. The proposal could potentially benefit issuers like Tether. Meanwhile, in Europe, where new regulations were introduced as part of the Markets in Crypto Assets (MiCA) regulation , Tether pulled out. Tether decided to de-list its euro-pegged EURt stablecoin in November 2024. The Growing Stablecoin Market Market watchers say it will be interesting to see how the firm navigates regulatory guidelines in the U.S., Particularly due to the massive growth witnessed in the stablecoin market in 2024. The stablecoin market had a market capitalization of over $200 billion in 2024. It currently stands at $214.75 billion. Tether remains a market leader with a market capitalization of $137.4 billion. The post Tether Targets Bold US Expansion Amid Trump Inauguration Countdown appeared first on TheCoinrise.com .
ETP: Exchange-traded patience
