Tether intends to obtain the status of a foreign issuer of stablecoins in the United States

The Tether company seeks to obtain the status of a foreign issuer of stablecoins in the United States in accordance with the requirements of the GENIUS Act.

On July 18, US President Donald Trump signed a bill regulating "stable coins".

For Tether, compliance with this law implies the introduction of a new audit regime and changes in the USDT reserve structure. According to Ardoino, the company's net profit of $13 billion last year makes it possible to make the necessary adjustments.

Arduino estimated the time to enter the US market in three years. At the same time, the company plans to release a version of USDT specifically aimed at the US and institutional investors.

"Institutions are used to super-efficient markets, and they will take into account every basic point. Therefore, we need to create something suitable for this," said Arduino. #btc# #eth# #xrp# #sol# #ltc#