According to Decrypt, after President Trump signed the GENIUS Act, Tether CEO Paolo Ardoino said that the company will make every effort to ensure that its flagship stablecoin USDT meets the requirements of the GENIUS Act for foreign stablecoin issuers to trade in the US market. In addition, Tether still plans to launch a stablecoin specifically for the US market, coexisting with USDT, to serve different customer needs. For example, USDT may be mainly used for overseas remittances within the United States.
It is reported that the GENIUS Act requires foreign issuers to comply with strict anti-money laundering laws and submit to complex reserve audits. USDT is currently issued by Tether in El Salvador, and the company plans to complete a strict anti-money laundering law compliance and comprehensive audit within the next three years (the full audit has not yet been completed).
Tether CEO: Plans to launch a stablecoin for the United States
2025-07-19 01:03:18
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