TETHER PREPS U.S. INSTITUTIONAL PUSH POST-GENIUS ACT

Summary from the TLDR Crypto newsletter

Tether CEO Paolo Ardoino says the company's U.S. expansion is “well underway” as it readies a new stablecoin tailored for institutional clients seeking faster settlements. The move follows the signing of the GENIUS Act, which mandates full USD backing and annual audits for large stablecoin issuers. While acknowledging that U.S. banks may initially have an edge, Ardoino said Tether's tech stack and market experience remain superior and ruled out any plans for a public listing like Circle.