Tether CEO Confirms Plans to Launch USDT in the US Market

Tether aims to secure the status of a foreign stablecoin issuer in the United States in accordance with the GENIUS Act requirements. This was stated by the company’s CEO, Paolo Ardoino, in an interview with CoinDesk.

On July 18, President Donald Trump signed a bill regulating “stablecoins.”

Tether Anticipates a Simple “Adjustment”

For Tether, compliance with the act involves implementing a new audit regime and changes to the USDT reserve structure. According to Ardoino, the $13 billion net profit earned by the company last year allows for the necessary “adjustments.”

He confirmed that appointed in March CFO Simon McWilliams is working on engaging an auditor from the “Big Four.”

“Tether will comply with the GENIUS Act,” he added.

Ardoino estimated the timeline for entering the US market at three years. Meanwhile, the company plans to release an additional version of USDT specifically targeted at the United States and institutional investors.

“Institutions are accustomed to highly efficient markets, and they will account for every basis point. Therefore, we need to create something suitable for this,” he noted.

Thus, the new product will be “focused on payments and very high efficiency,” the top manager clarified.

In May, Ardoino suggested that the company might issue an “American stablecoin” as early as the beginning of 2026. At that time, he also confirmed that the primary business interests of the USDT issuer remain outside the United States.

“Our customer base is three billion people without accounts and access to the banking system,” Ardoino emphasized.

According to an assessment published by JPMorgan analysts in February, only 66%-83% of USDT reserves meet the GENIUS Act requirements. To comply with regulatory demands, the issuer will need to divest from bitcoins, corporate bonds, and secured loans in favor of US Treasuries and other highly liquid assets, experts concluded.

Ardoino then assured that adapting to the rules would be “simple” for the company.

In the EU, following the implementation of the MiCA regulation, Tether focused on supporting projects of third-party regulated stablecoins using its Hadron platform.

Circle CEO Confident in Full Compliance with New Rules

Jeremy Allaire, co-founder and CEO of Circle, the company behind USDC, told CoinDesk that the adoption of the GENIUS Act “legislatively enshrines the company’s approach to doing business.”

“We have always been trusted, we have been transparent, and we have undergone public audits for five years,” he said.

In his view, the situation in the US stablecoin segment was rapidly changing even before the new norms were approved. Several “large tech companies, trading firms, and financial institutions” expressed interest in entering the market.

“Once this federal law is in place, it will truly be a green light for all these types of institutions,” Allaire emphasized.

The GENIUS Act will come into effect six months after being signed by Trump or 120 days from the publication of the regulatory implementation rules.

Back in February, the heads of Circle and Tether presented differing views on the stablecoin legislation being developed in the US. One of the companies was suspected within the community of lobbying its own interests.