Tether’s Focus on Non-US Markets Highlights Stablecoin Hotspots

Paolo Ardoino, chief executive officer of Tether Holdings, speaks at the Bitcoin 2025 conference in Las Vegas on May 29.

Photographer: Ronda Churchill/Bloomberg
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Suvashree Ghosh examines some reasons why it makes sense for Tether not to prioritize the US market.

Tether Holdings SA Chief Executive Officer Paolo Ardoino said in an interview with Bloomberg TV last month that the firm’s “main interest” will remain outside the US.