📈 Tether CEO Paolo Ardoino stated in an interview with Bloomberg that the company will continue to prioritize international markets despite the US moving towards regulating stablecoins.
🗓 On May 20, the US Senate approved the GENIUS Act, which regulates stablecoins. The law requires full asset backing and compliance with AML/BSA standards.
🇸🇻 Tether's headquarters is located in El Salvador. The company serves 420 million users, primarily in developing countries.
🗣 "Our audience is 3 billion people without access to banking services. Competition from large banks will be focused on the Western world," Ardoino noted.
📦 At the same time, Tether does not rule out the issuance of a US-compliant stablecoin aimed at institutional investors.
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