Tether says it will continue to focus on markets outside the United States and plans to launch compliant stablecoins to attract institutional funds

Planet Daily News: Despite the U.S. Congress pushing forward stable coin regulatory bills like the 'Genius Act', the world's largest stablecoin issuer Tether states that its primary business focus will remain on markets outside the United States. Tether CEO Paolo Ardoino said the company is paying attention to how the bill distinguishes between domestic and foreign issuers, and hopes to maintain global business expansion under compliance premises. Currently, Tether's USDT occupies over 60% of the global stablecoin market, with users primarily distributed in emerging markets. Ardoino noted that compared to the United States' diverse payment systems (such as Zelle, PayPal), Tether focuses on serving the 3 billion unbanked users globally who are not fully integrated into traditional financial systems. Although not directly serving U.S. customers at present, most of Tether's reserve assets already meet proposed regulatory requirements, with some assets like Bitcoin and mortgage loans still falling outside compliance ranges. Ardoino stated that the company is considering issuing a new stablecoin fully compliant with regulatory standards to attract institutional investors, and is advancing efforts to have its reserve assets audited by the Big Four accounting firms. He added: "Full audit is our top priority." (Bloomberg)