Tether's USDT US Market Plans Confirmed
Date: 2025-07-21 Author: Henry Casey Categories: BUSINESS
Tether CEO Paolo Ardoino told CoinDesk that the company plans to obtain the status of a foreign issuer of stablecoins in the US in order to comply with the requirements of the recently passed GENIUS Act. The bill on regulating stablecoins was signed by President Donald Trump on July 18.
Ardoino noted that the transition process will not be a difficult task due to the company's profits - Tether earned $13 billion last year, which will allow for the necessary changes. In particular, the company is going to implement a new audit and adjust the structure of USDT reserves. To this end, recently appointed CFO Simon McWilliams is in talks with a major audit firm from the Big Four.
According to Ardoino, Tether is fully committed to complying with all the rules of the GENIUS Act. The US market entry is scheduled for about three years. In addition, Tether is developing a separate version of USDT, aimed specifically at the US market and institutional investors. Such a product will focus on maximum efficiency and ease of payment.
“Large organizations operate in highly efficient markets, where every little detail matters. Therefore, we must offer them a tool that meets their standards,” explained the head of Tether. In May, he also suggested that the “American” version of the stablecoin could appear as early as early 2026. At the same time, the main business of the USDT issuer is still concentrated outside the US - Ardoino emphasized that Tether's clients are billions of people who do not have access to traditional banking services.
Earlier, JPMorgan analysts calculated that only 66-83% of USDT reserves meet the new requirements. To fully comply with the GENIUS Act, the company will have to abandon some assets, including bitcoins and corporate bonds, and focus on US government securities and other liquid instruments. The head of Tether is confident that these changes will not cause serious difficulties.
Amid the new US rules, Tether in Europe has shifted its focus to supporting third-party stablecoin projects through its Hadron platform in accordance with the European MiCA regulation.
In turn, Circle co-founder and CEO Jeremy Allaire said that his company has always acted transparently and was prepared for such regulations in advance. He emphasized that the adoption of the GENIUS Act only consolidates the existing approach of Circle, which has been undergoing a public audit for several years. Allaire expects that with the introduction of federal regulation in the United States, interest in stablecoins from large tech companies and financial institutions will only increase.
According to the law, the new requirements will come into force six months after signing or 120 days after the regulators publish details. Recall that back in the winter, the heads of Circle and Tether differently assessed the US plans to regulate stablecoins, which gave rise to discussions about possible lobbying.
