According to Foresight News, Tether's CEO Paolo Ardoino announced that the company is ready to operate in the U.S. market. This statement comes a week after U.S. President Donald Trump signed the "Genius Act," which regulates stablecoins in the United States. President Trump publicly acknowledged Ardoino's contributions in the legislation.
Ardoino revealed that Tether is developing an internal strategy for the U.S. market, with plans to announce it within the next two months. The new stablecoin initiative will focus on the institutional market.
He also emphasized that Tether has no intention of going public like its U.S. competitor, Circle.