Mike Smith
3 days ago
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Amid the growing attention of US lawmakers to the regulation of digital assets, the largest issuer of steiblcoins, Tether, is considering issuing a new token aimed at the US market. The company's CEO Paolo Ardoino said that the tightening regulations are not a concern for Tether, and the company itself is ready to adapt while maintaining its dominant position in emerging markets.
According to him, the current version of the bills being considered by Congress may limit the activities of foreign issuers in the United States. At the same time, Ardoino stressed that Tether is already analyzing the prospects of launching a separate steiblcoin registered in the U.S. and meeting the requirements of future regulation. He noted that it would be logical to divide the products by areas: one token will remain focused on international and emerging markets, while the other will be adapted to the specifics of the U.S. financial space.
USDT, Tether's main product, is one of the most actively traded digital assets on the market, providing transactions worth tens of billions of dollars every day. Despite its popularity, it is regularly criticized for its lack of a full financial audit and opaque reserves. Ardoino said the company is in talks with major accounting firms, including representatives of the Big Four, and expressed confidence in Tether's high degree of readiness to meet regulatory standards.
One of the key requirements of the STABLE and GENIUS legislative initiatives being developed is compliance with the Bank Secrecy Act and mandatory collateral audits. If both versions of the laws are passed, issuers that do not meet the new requirements will face a ban on directly offering tokens to U.S. users. Moreover, the House document envisions restricting access to such assets through centralized exchanges, including the largest custodial intermediaries, as early as two years after the law takes effect.
In response to competitors' concerns about Tether's possible withdrawal from the U.S. market, Ardoino noted that such statements are motivated by desperation. He emphasized that the company is already actively engaged with U.S. partners, including Cantor Fitzgerald, which manages a significant portion of Tether's reserves in the form of U.S. Treasury bonds. This, he said, confirms that the company is serious about remaining an active participant in the global financial system despite regulatory pressure.
Ardoino also indicated that the company does not rule out the appearance of a steiblcoin for Europe, meeting the requirements of the EU. Earlier it became known that Binance removed USDT from European platforms, citing non-compliance with the new regulatory norms of the region. In response, Tether has already started investing in local projects issuing euro- and dollar-backed stablecoins.
Going forward, Ardoino believes USDT may lose its central value in regulated jurisdictions such as the US and EU. However, this does not mean a weakening of Tether's position globally. On the contrary, a focus on flexibility, product diversification and active adaptation to local regulations may allow the company to strengthen its position in a fragmented legal environment as well.
