Tether CEO Paolo Ardoino said in an interview with Bloomberg that the company will maintain a priority on international markets, despite the US move to regulate stablecoins.
On May 20, the Senate approved the GENIUS Act, which regulates stablecoins. The law requires full asset backing and compliance with AML/BSA regulations.
🇸🇻 Tether is headquartered in El Salvador. The company serves 420 million users, mostly in developing countries.
"Our audience is 3 billion people without banking access. Competition from big banks will be aimed at the Western world," Ardoino said.
At the same time, Tether does not rule out the release of a US-compatible stablecoin aimed at institutions.
