Tether CEO: Consider creating a new compliant stablecoin registered in the United States

According to Decrypt, Tether CEO Paolo Ardoino stated that he does not mind USDT being banned in the United States due to new regulatory regulations. Tether is actively considering creating a new stablecoin registered in the United States and will comply with upcoming US stablecoin laws. We need two products with different value propositions. Ardoino believes that USDT is more suitable for emerging markets and suggests that USDT may no longer dominate in the United States and Europe in the future. According to current regulations, both the US House of Representatives and Senate require foreign stablecoin issuers such as Tether, headquartered in El Salvador, to comply with strict anti money laundering requirements under the Bank Secrecy Act and conduct rigorous audits of their reserves. Tether, a stablecoin giant with a market value of $144 billion, has never undergone a comprehensive financial audit. Critics and competitors believe that if the company must comply with complex anti-terrorism and anti money laundering rules, it will completely exit the United States. For many years, critics have also questioned whether Tether really has the money to support every USDT token.