What Will Happen If Tether (USDT) Is Delisted in the US? CEO Reveals Emergency Plan

According to CEO Paolo Ardoino, Tether, the world's largest stablecoin issuer, may launch a new US-compliant stablecoin if the upcoming American regulations push USDT out of the market.

In an interview, Ardoino did not care about the impact of legal developments in the US on the company's global operations. Despite speculation that Tether may have to exit the US market, Ardoino stated that the company is exploring contingency plans, including the creation of a new stablecoin specifically designed for US compliance.

"We believe that our main stablecoin is perfect for emerging markets, but we can create a payment stablecoin that works for the U.S.," Ardoino said, adding: "We need to have two products with two different value propositions."

However, bipartisan efforts in the U.S. Congress raise questions about the future of foreign-issued stablecoins. The House's STABLE Act and the Senate's GENIUS Act propose strict requirements for stablecoin issuers, including compliance with the Bank Secrecy Act, regular audits, and anti-money laundering (AML) protocols. Tether, which is centrally located in El Salvador, will fall under the scope of these provisions.

Critics have long argued that the company has never undergone a complete audit, questioning Tether's reserve transparency, while Ardoino claimed that the firm is in discussions with "Big Four" accounting firms to conduct an audit.

Ardoino addressed the speculations that Tether would completely exit the United States to avoid regulatory scrutiny, describing such claims as the "desperation scent" of competitors hoping for Tether's elimination. He stated from Cantor Fitzgerald's New York offices, which is a significant custodian of Tether's US Treasury reserves, "Here I am."