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https://www.gate.com/announcements/article/45974
Tether CEO: Prioritize the development of non-US markets and consider new stablecoin business in the US once regulations are clear.
According to Gate News bot, Bloomberg reported that Tether CEO Paolo Ardoino indicated in an interview that despite the Trump administration's friendly attitude towards Crypto Assets, the company will still primarily focus on markets outside the United States.
According to the data, the total amount of stablecoin payment transactions in 2024 will reach 51.4 billion USD, with USDT occupying 62% to 91% of the market share in most regions worldwide. The combined stablecoin flow in Singapore, Hong Kong, and Japan reaches 36.3%, significantly higher than the 18.7% in the United States.
Ardoino noted that the company will continue to focus on emerging markets such as Latin America, Asia and Africa, and said that it would not rule out launching a new stablecoin in the United States once the appropriate regulatory framework is in place.
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