CEO Paolo Ardoino says Tether can adapt to tough US rules with a second stablecoin, while USDT continues to serve emerging markets.
Amid shifting regulations, the stablecoin issuer Tether anticipates that USDT may eventually become unavailable in either the US or Europe. CEO Paolo Ardoino said the firm is creating a second stablecoin to meet upcoming US regulations.
Ardoino noted that each would serve a different function. The proposed stablecoin would be US-based and intended for payments. USDT would continue serving emerging markets.
Tether has also responded to regulatory changes in Europe by supporting the development of locally compliant stablecoins.
Ardoino admitted that the firm envisions a future in which USDT plays a limited role in both Western markets. Instead, the focus will shift to global remittances and emerging economies where demand remains strong.
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