Tether CEO to take ‘cautious’ approach to US expansion, eyes larger profits

Paolo Ardoino, CEO of Tether, underscores a careful approach to expanding in the U.S. Market as the company awaits clearer regulations. He remains optimistic about potential regulatory shifts, viewing them as opportunities for Tether’s growth.

Tether expects to exceed its previous profit forecast of $10 billion for 2024, driven by robust treasury holdings. The stablecoin **USDT** is currently valued at 0.9997 USD, with a market capitalization of 137 billion USD, highlighting Tether’s significant market presence.

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