Tether Holdings is returning to the US market and aims to expand its stablecoin presence in the country, executives said in a Bloomberg Television interview.

Tether issues USDT, which is the world’s largest stablecoin with a reported US$171 billion in supply.

The company has been absent from the US market for years after paying a US$41 million fine to settle allegations of misrepresenting its reserves.

Tether recently disclosed plans for USAT, a new token led by Bo Hines and launched in partnership with Cantor Fitzgerald and Anchorage Digital Bank NA, aiming for instant settlement and lower costs for US users.

Bo Hines, Tether’s strategic adviser for digital assets and US strategy, said the company intends to serve both consumers and enterprise clients, including banks.

CEO Paolo Ardoino said Tether will focus on expanding its distribution network and does not plan to go public.

Tether reported US$13.7 billion in profit last year and said it has invested US$5 billion in the US, including a US$775 million investment in Rumble Inc.

🔗 Source: Bloomberg

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