USDT issuer Tether is exploring the possibility of extending its presence in the United States amid hopes for a more crypto-friendly environment. Tether’s CEO Paolo Ardoino disclosed this in an interview with Bloomberg Television.

“I’m not ruling out Tether potentially moving closer to a U.S. presence, but we’re doing it cautiously. […] At the moment, we need clarity and direction in regulation. We have to see what U.S. laws will look like, then decide,” he stated.

According to Ardoino, the firm also plans to expand efforts to promote its interests within U.S. political circles. In September 2024, Tether hired Jesse Spiro—formerly of PayPal—as Head of Government Relations. Over the past few years, the company has been among the leaders in lobbying expenditures in the U.S.

Tether’s CEO added that the firm may exceed its 2024 profit projections, buoyed in part by Bitcoin’s ongoing rally.

Officially, Tether has not served U.S. customers since 2018. In 2021, the company paid $41 billion to U.S. authorities as part of a settlement related to alleged “misrepresentations” about the stablecoin’s backing.

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