Tether CEO: Will continue to focus on non-US markets

Odaily News Tether CEO Paolo Ardoino recently stated in an interview with Bloomberg that despite the Trump administration’s friendly attitude towards Crypto Assets, the company’s main interest will still focus on regions outside the United States. Data shows that in 2024, the transaction volume of stablecoin payments will reach USD 51.4 billion, a significant rise compared to last year, with Tether’s USDT accounting for 62% to 91% of the market share in most regions globally. Singapore, Hong Kong, and Japan together account for 36.3% of global stablecoin traffic, far exceeding the United States’ 18.7%. Ardoino stated that the company will continue to focus on emerging markets such as Latin America, Asia, and Africa, while not ruling out the possibility of issuing new stablecoins in the United States after suitable regulatory frameworks emerge. (Bloomberg)