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HomeBitcoinBitcoin NewsTrump Administration's Crypto Support Boosts Tether's US Goals: Ardoino
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Trump Administration’s Crypto Support Boosts Tether’s US Goals: Ardoino

Tether Holdings Ltd., the issuer of the world’s largest stablecoin, USDT, is exploring the potential for a larger presence in the United States.

The company’s CEO has cited favorable market conditions and a promising regulatory outlook under President-elect Donald Trump as key factors driving this consideration.

Tether eyes US

in a interview However, Tether CEO Paolo Ardoino clarified on Bloomberg Television that the company is taking a cautious approach, adding that regulatory clarity remains a key factor in deciding future moves.

Ardoino described the evolution of the U.S. regulatory environment as “a huge opportunity,” but said it is important to wait and see how laws develop before committing to significant expansion.

This development comes amid growing optimism about Donald Trump’s upcoming presidency, as the president-elect has promised transformative actions to advance the cryptocurrency sector. One of his first anticipated moves is a day one executive order that would designate cryptocurrency as a national priority, forcing regulatory agencies to take a more positive stance toward the industry.

This is in stark contrast to Biden’s leadership, as US regulatory agencies under his command demanded strict compliance and transparency, creating challenges for stablecoin issuers like Tether.

Meanwhile, Ardoino also highlighted Tether’s recent financial success, including a strong performance in 2024, which he believes positions the company to evaluate new opportunities, such as its recent $775 million investment. investment on US-listed video-sharing platform Rumble Inc.

Strap expansion

Ardoino’s statement came shortly after Tether revealed plans to move its operations to El Salvador, a Bitcoin-friendly country that granted the company a digital asset service provider (DASP) license on January 13. The executive then stated:

“This decision is a natural progression for Tether, allowing us to build a new home, foster collaboration, and strengthen our focus on emerging markets.”

More recently, Tether has expanded its Bitcoin reserves by $700 million, thus adding 7,629 Bitfinex BTC to its holdings. This move aligns with its diversification strategy amid concerns over the status of USDT in Europe due to MiCA regulations.

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