Paolo Ardoino, the chief executive of tether, reported that the publisher of the STABLECOIN will focus on the foreign market as the STABLECOIN regulatory bill works through the parliament.
According to a new report from Bloomberg, Adono is a genius law, but the US dollar is on the way through parliament that the US dollar is on the way through parliament.
“It is important to see how genius laws distinguish between foreign issuers and domestic publishers. The main interests for us will remain in areas outside the United States. We are seeing genius law as a way we can observe.
Headquartered in El Salvador, TETHER is the world’s largest Stablecoin publisher, but in 2018, it stopped service to customers in the United States.
However, according to this report, tethers may have a problem of supporting USDT as Bitcoin (BTC) to focus on the United States, and is not allowed due to the current regulations.
Ardoino says that tether is not worried about major banks such as JPMORGAN Chase, Bank of America, Citigroup, and Wells Fargo because tether is not focused on the United States.
“We don’t worry about competitors coming from a big bank. Because they will see the Western world. Our customer base is 3 billion people who do not reach the bank system.”
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