Tether Aims at Global Markets, Increasing Inclusivity

Tether CEO Paolo Ardoino told Bloomberg TV that the company remains focused on international markets, even as U.S. lawmakers advance new stablecoin regulations. The Senate recently passed the GENIUS Act, requiring stablecoins to be fully backed by cash or safe assets like U.S. Treasuries.

Despite this, Ardoino emphasized that Tether’s priority is serving the 3 billion people globally who lack access to banking. With over $150 billion in market cap and 420 million users, mainly in developing countries, USDT dominates 60% of the stablecoin market.

While the U.S. offers many payment options like PayPal and Zelle, in other regions, stablecoins paired with crypto payment gateways create the basis of the modern financial infrastructure. So businesses worldwide can use stablecoins to accept payments, manage cross-border trade, and access digital dollars without needing a bank.