According to Bloomberg, Tether CEO Paolo Ardoino said the company will keep its focus on overseas markets despite U.S. stablecoin legislation and is closely watching how the Genius Act treats foreign issuers. He noted Tether may launch a compliant stablecoin to attract institutional investors and is in talks with a Big Four firm for a full audit. On bank-issued stablecoins, Ardoino said Tether isn’t concerned, as its users are the 3 billion unbanked people worldwide.