Stablecoin giant Tether is preparing to launch a new stablecoin tailored for the U.S. market, in line with upcoming regulations under the Genius Act, which aims to tighten standards across the sector.
In a recent interview, CEO Paolo Ardoino announced that the company is exploring the creation of a fully compliant digital asset designed to appeal specifically to institutional investors.
Currently commanding over 60% of the global stablecoin market and serving approximately 420 million users, Tether does not see U.S. bank-backed stablecoins as a threat. Instead, Ardoino emphasized the company's continued focus on reaching the three billion unbanked people worldwide.
He also revealed that Tether is actively in talks with a Big Four auditing firm to conduct a full audit of its reserves—a move intended to boost transparency and build trust among institutions. While the company already provides quarterly attestations via BDO Italia, a full audit is seen as a crucial step in reinforcing its regulatory posture as it looks to expand responsibly within the U.S. market.
