Tether’s $5.7B Profit Is Just the Beginning—Get Ready for a U.S. Stablecoin Shakeup That Could Rewrite the Rules This Q4!
Tether eyes U.S re-entry in Q4
The firm had over $127 billion in U.S. Treasury bills exposure as part of reserve backing for its global stablecoin USDT and eyed U.S. market re-entry in Q4, according to the CEO, Paolo Ardoino.
The new stablecoin venture will be designed for the mature and ‘highly efficient’ U.S. market, added Ardoino.
“In the upcoming quarter, Tether will focus on a new venture in the U.S, to build a best-in-class product suite (stablecoins plus more), designed for the specific, already highly efficient, market.”
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