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Tether plans to return to the U.S. with a new strategy focusing on the institutional market.
[Chain News] On July 24, it was reported that following the passage of landmark cryptocurrency legislation in the United States, Tether Holdings SA plans to resume operations in the U.S., focusing on the U.S. institutional market. The company's CEO, Paolo Ardoino, stated that Tether's domestic strategy in the U.S. will provide efficient stablecoin solutions for payments, interbank settlements, and trading. Ardoino mentioned that Tether is not interested in becoming a publicly traded company and will continue to focus on emerging markets that may offer advantages over its competitors as it plans to expand into the U.S.