In an interview, Paolo Ardoino, CEO of Tether, discussed the company’s plans to expand in the US. At the same time, he also revealed a number of investments made by the stablecoin giant.
Tether aims to expand into the US market
Last Friday, Donald Trump signed the GENIUS Act, marking a turning point in the regulation of stablecoins in the United States.
In this context, and in an interview with Bloomberg, Paolo Ardoino, CEO of Tether, discussed the US ambitions of the issuer of USDT:
We are well advanced in defining our national strategy in the United States. Our strategy will focus on US institutional markets, providing a high-performance stablecoin for payments, but also for settlements and interbank exchanges.
With the stablecoin leader now exceeding $162.51 billion in market capitalization, this ensures a significant source of revenue for Tether. In 2024, the company made $13.7 billion in profits, which, as Paolo Ardoino pointed out, has enabled it to make a variety of strategic investments:
By expanding its business in the US, Tether could gain new sources of revenue to further extend its financial empire, which we discussed in part earlier this month.
Greater development in the US could then widen the gap with Circle, which, despite the USDC’s second place with $64.69 billion in capitalization, has exploded since its IPO. To date, Circle’s market capitalization stands at $46.08 billion.
However, there are no plans for Tether to go public. Paolo Ardoino has already explained this, and he reiterates that the company is not interested in “becoming a public company.”
The stablecoin issuer therefore prefers to focus on emerging markets, where Paolo Ardoino believes it has a competitive advantage:
This is an area where Tether has excelled for ten years. We have better technology and understand this market better than anyone else.
This appetite for emerging markets is also reflected in the company’s investments. Many of the companies in the overview above are focused on crypto, payments or stablecoins, but we also find players linked to mining, artificial intelligence (AI), and even brain implants with Blackrock Neurotech.
With the focus on the US market, it will be interesting to follow the partnerships and investments that may result.
