What will happen if Tether (USDT) is mad in the United States? CEO announced its emergency plan

Tether, the world’s largest stablecoin exporter, according to CEO Paolo Ardoino, the upcoming American regulations USDTTI If it pushes it out of the market, a new US -compatible stablecoin may launch.

In an interview with Ardoino, he did not care about the impact of the US on the global operations of the US. Despite speculation that Tether may have to leave the US market, Ardoino said that the company has explored emergency plans, including the creation of a new stablecoin specially designed for US compliance.

“We believe that our main stablecoin is perfect for developing markets, but we can create a payment Stablecoin for the US, Dand said Ardoino and added: iz We need to have two products with two different value suggestions.”

However, two -party efforts at the US Congress raise questions about the future of foreign exported stablecoins. The Stable Law of the Assembly and the Senate’s Genius law proposes strict requirements for stabilcoin exporters, including compliance with the Bank Privacy Law, regular inspections and prevention of money laundering (AML) protocols. Tether, headquartered in El Salvador, will be covered by these provisions.

Critics claimed that the company has never been a complete audit for a long time, while questioning Tether’s reserve transparency, Ardoino claimed that the company had negotiated with the accounting companies “Big Four”.

Referring to the speculation that Tether would completely emerge from the United States to avoid regulatory investigations, Ardoino described such allegations as the “scent of helplessness ın of the competitors. “Here I am here,” he said, “I’m here,” Cantor Fitzgerald, a significant responsible for Tether’s US Treasury reserves.

*It is not an investment advice.