Tether US Entry Gains Momentum After GENIUS Act

Tether US Entry into Stablecoin Market, CEO Confirms

Tether CEO Paolo Ardoino told Bloomberg Television on Wednesday that the company is preparing to join the institutional stable coin market in the United States and that a formal announcement is anticipated in the upcoming months.

Source: Wu Blockchain

Tether US Entry is Well Underway, Says Paolo Ardoino

Ardoino stated that the company's arrival into the U.S. is "well underway" and that "we are well in progress of establishing our U.S. domestic strategy."

In addition to explaining how they maintain an advantage over rivals trying to launch their own stable coin, He claims that the US stablecoin marketplace is set to strengthen US dollar dominance. Less than a week has passed since President Donald Trump signed the GENIUS Act , which will regulate stable coins in the United States, into law. Ardoino attended the event joining Circle’s CEO and other crypto and financial industry leaders at the ceremony.

JPMorgan Predicts $2T Stablecoin Market by 2028

JPMorgan predicts a slightly optimistic $2 trillion stablecoin  projection by 2028, citing underdeveloped infrastructure as a key constraint, and expected to double or triple in the coming years. As traditional banks, such as those supported by JPMorgan, Bank of America, Citigroup, and Wells Fargo, consider introducing their own stablecoins under the new U.S. regulations, the company has taken this action. Even though they might have an early advantage in their territory , Ardoino said Tether US entry still has an advantage because of its expertise.

Tether Not Interested in IPO Route, Unlike Circle

Because it's a new market for us, they might outperform us in the near run in the US, he told Bloomberg. However, our technology is superior. Nobody knows this market as well as we do. When asked if the company will go public like Circle, Ardoino responded bluntly, "We're not interested."

Prioritizes Full Audit for Tether US Entry in Stablecoin Marketplace

The company has faced ongoing scrutiny issues for not providing a full independent audit of its stable coin reserves, and instead has released quarterly attestations signed by BDO Italia. Last month the company also hired Simon McWilliams, as new chief financial officer, to lead the company's efforts to obtain a complete audit. Getting a review from one of the Big Four audit firms—Deloitte, EY, PwC, or KPMG—is also stated by Ardoino as a "top priority" reflecting the urge of Tether US Entry for Stablecoin.

Circle Faces New Rival as Tether US Entry Confirmed

Circle dominates the US stable coin marketplace with its USDC token, growing to $65 billion in circulation. USDT, despite holding $162 billion globally, has been excluded from the regulated US market due to past legal challenges and regulatory scrutiny. Ardino’s company is the world's largest stable coin issuer , reporting holding $98.5 billion in direct Treasury bills as of March 31, along with $23 billion in cash-like instruments, reflecting its focus on highly liquid, low-risk assets to support its flagship token, USDT.

Circle's USDC and USDT continue to be the leading dollar-backed stable coins. The two together account for 87% of the stablecoin space, which is predicted by analysts to reach $2 trillion by 2028. Now lets see how this Tether US entry can compete with giant financial institute and organizations