TechFlow, May 25 — According to Bloomberg, Tether CEO Paolo Ardoino said that despite U.S. progress on stablecoin legislation, Tether will continue focusing on overseas markets and is monitoring the impact of the "Genius Act" on foreign issuers.
He revealed that the company is considering issuing a new regulated stablecoin to attract institutional investors and is in discussions with one of the Big Four accounting firms for formal audits, although review work is currently still handled by BDO Italy. Regarding major banks' plans to jointly issue stablecoins, Ardoino noted that Tether's customer base consists of 3 billion people globally who lack access to banking systems, and expressed no concern about competition.
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