The CEO of Tether announced the company’s expansion in the United States

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• The CEO of Tether, Paolo Ardoino, announced the company’s intentions to expand its presence in the United States.
• He noted that the company will proceed cautiously in order to successfully integrate into the American market.

Tether in U.S.

Paolo Ardoino, the CEO of Tether, stated in an interview with Bloomberg that the company plans to expand its presence in the United States and expects profit growth. He noted that the improvement in the regulatory environment for cryptocurrency companies, as well as Tether’s $775 million investment in the Rumble platform, creates excellent opportunities for exploring the American market and its potential changes.

“I can’t rule out that Tether will move a bit more towards a certain presence in the U.S., but we are also doing this cautiously. At the moment, we need regulatory clarity and guidance. We need to see what the laws in the U.S. look like, and then we will make a decision” – noted Ardoino.

Paolo Ardoino also mentioned that the company is strengthening its lobbying efforts in the U.S. Specifically, in September, Tether hired Jesse Spiro, a former PayPal employee, as the head of its government relations department.

Additionally, Tether announced that it had obtained a digital asset services provider license in El Salvador and plans to relocate its business to the country. Ardoino added that in the first phase, the company intends to hire dozens of employees in the region, and in the future, the number could reach several hundred.

“Some members of our team plan to move there and bring their families. Certainly, this will be our headquarters, so we need people there” – added the CEO of Tether.

Recently, Tether introduced a new stablecoin called USDT0, aimed at lowering transaction barriers and promoting liquidity consolidation across various blockchain networks. This move is intended to improve interoperability and simplify financial operations for users and businesses.