Cryptocurrencies
Tether CEO Ardoino Mulls Growing US Presence, Expects Higher Profits
- Largest stablecoin issuer says it doesn’t serve US customers
- Firm has spent billions of dollars investing in companies
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Tether Holdings Ltd. is considering expanding in the US, following the victory of pro-crypto Donald Trump in the presidential election and after a bumper haul of profits in 2024 that will support the largest stablecoin issuer’s investments.
The prospect of an improved regulatory landscape for crypto companies, coupled with Tether’s recent $775 million investment in US-listed video sharing firm Rumble Inc., present “a great opportunity to start looking at the US environment and how it will change,” Tether Chief Executive Officer Paolo Ardoino said during a Bloomberg Television interview on Thursday.