Tether Rekindlesss plan to storm the US market: Report star-news.press/wp

Encryption correspondent

Shalini Nagarajan

Encryption correspondent

Shalini Nagarajan

About the author

Shalini is an encrypted correspondent that provides in -depth reports on daily developments and organizational transformations in the encrypted currency sector.

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Last update:

July 24, 2025

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Tether lays the basis for a new payment to the United States, driven by a major organizational climate in the country.

CEO Paulo Erdino Bloomberg said In an interview on Wednesday, the company advances to its local strategy, after last week signed the legislation of prominent landmarks by US President Donald Trump.

The alleged genius law is expected to expand the role of Stablecoins in global financing, which may allow banks, card networks and technology companies to issue their digital codes.

“We are progressing in developing our local American strategy,” Erdino told Bloomberg. “You will focus on the American institutional markets, as Stablecoin provides effective payments and also for settlements between banks and trading.”

Tether shakes the audit in the past with increased blood circulation USDT

His declaration indicates a noticeable reflection of the Peter, who has largely kept its operations since 2021, when it paid nearly $ 60 million to settle allegations with American organizers.

The company was prevented from working in New York after accusing the Prosecutor’s Office of submitting false claims about its reserves. The commodity futures trading committee also fined Tether to mislead the public about the quality of Stablecoin’s support.

Despite the regulatory setbacks, the Tether’s USDT code remained dominant worldwide, with more than $ 162 billion in circulation. This number has increased 18 % since the beginning of the year. The closest rival, USDC issued by Circle Internet Group, has a circulating supply of about $ 64.7 billion.

Tether rejects the public subscription track even as Circle rises

The renewed Tether’s concentration on the United States comes with a high temperature of competition. Circle, which has become public in June, has seen its shares increased more than 500 % since it appeared for the first time. Tether, however, has no plans to follow her example.

Erdino said: “In general, we are not interested in becoming a public company,” Erdino said.

The new legislation seems to open the previously closed doors. Erdino, along with other CEOs for encryption, attended the signing of the White House bill. The law, for the first time, can help normalize the use of stablecoin, whether in the encryption trade or through the prevailing financial infrastructure.

Tether has always been criticized due to the lack of transparency, especially with regard to its reserves. Checking operations, promised for years, has not yet been achieved. But Erdino said that the company is in contact with the audit companies in recent weeks.

During a retaliation with the United States, Tether appears committed to its basic strategy of driving emerging markets. Erdino said these areas are a major priority, as the company believes it maintains a strong advantage over competitors.

“This is something that Tether has done very well over the past ten years,” he said. “We have a better technology, we have a much better understanding of this market than anyone else.”