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

Odaily News Tether CEO Paolo Ardoino recently said in an interview with Bloomberg that despite the Trump administration's friendly attitude towards cryptocurrencies, the company's "main interest" will still be focused outside the United States. Data shows that stablecoin payment transactions will reach US$51.4 billion in 2024, a significant increase from last year, of which Tether's USDT accounts for 62% to 91% of the market share in most parts of the world. Singapore, Hong Kong and Japan together account for 36.3% of global stablecoin flows, far exceeding the United States' 18.7%. Ardoino said 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 the "appropriate regulatory framework emerges." (Bloomberg)