Tether CEO Considers US Presence but Remains Cautious Amid Regulatory Uncertainty
Tether CEO Paolo Ardoino has stated that the company may expand its presence in the US, but is proceeding with caution until there is regulatory clarity. Ardoino believes that an improved regulatory landscape for crypto companies in the US would be beneficial for Tether and similar firms. Tether recently moved its operations from the British Virgin Islands to El Salvador, where it was granted a digital asset service provider license. The company is predicted to exceed its previous forecast of $10 billion in profit for 2024.
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