{"id":8276,"date":"2025-01-17T16:33:33","date_gmt":"2025-01-17T16:33:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8276"},"modified":"2025-01-17T16:33:33","modified_gmt":"2025-01-17T16:33:33","slug":"trump-administrations-crypto-support-boosts-tethers-us-goals-ardoino","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8276","title":{"rendered":"Trump Administration\u2019s Crypto Support Boosts Tether\u2019s US Goals: Ardoino"},"content":{"rendered":"
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Tether Holdings Ltd., the issuer of the world\u2019s largest stablecoin, USDT, is exploring the potential for a greater presence in the United States.<\/p>\n

The chief executive of the company has cited favorable market conditions and a promising regulatory outlook under President-elect Donald Trump as key factors driving this consideration.<\/p>\n

Tether Eyes the US<\/h2>\n

In an interview<\/a> with Bloomberg Television, Tether CEO Paolo Ardoino, however, clarified that the company is taking a cautious approach and added that regulatory clarity remains a key factor in deciding future moves.<\/p>\n

Ardoino described the evolving US regulatory environment as \u201ca great opportunity\u201d but asserted that it is important to wait and see how laws develop before committing to significant expansion.<\/p>\n

This development comes amidst growing optimism over Donald Trump\u2019s upcoming presidency, as the President-elect has promised transformative actions to advance the cryptocurrency sector. One of his anticipated first moves is a day-one executive order that would designate cryptocurrency as a national priority, compelling regulatory agencies to adopt a more positive stance toward the industry.<\/p>\n

This is in stark contrast to Biden\u2019s leadership as US regulatory agencies under him demanded strict compliance and transparency, creating challenges for stablecoin issuers such as Tether.<\/p>\n

Meanwhile, Ardoino also highlighted Tether\u2019s recent financial success, including a strong<\/a> performance in 2024, which he believes positions the company to evaluate new opportunities, such as its recent $775 million investment<\/a> in the US-listed video-sharing platform Rumble Inc.<\/p>\n

Tether Expansion<\/h2>\n

Ardoino\u2019s statement came shortly after Tether disclosed<\/a> plans to shift its operations to El Salvador, a Bitcoin-friendly country that granted the company a digital asset service provider license (DASP) on January 13. The exec had then stated,<\/p>\n

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\u201cThis decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets.\u201d<\/p>\n<\/blockquote>\n

More recently, Tether has expanded<\/a> its Bitcoin reserves by $700 million, thereby adding 7,629 BTC from Bitfinex to its holdings. This move aligns with its diversification strategy amidst concerns over USDT\u2019s status in Europe due to MiCA regulations.<\/p>\n

The post Trump Administration\u2019s Crypto Support Boosts Tether\u2019s US Goals: Ardoino<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tether Holdings Ltd., the issuer of the world\u2019s largest stablecoin, USDT, is exploring the potential for a greater presence in the United States. The chief executive of the company has cited favorable market conditions and a promising regulatory outlook under President-elect Donald Trump as key factors driving this consideration. Tether Eyes the US In an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8276","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8276"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8276\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}