Tether’s CEO Paolo Ardoino remains undeterred by potential bans of USDT in the United States, stating he sees it as a challenge to be addressed through new product development. Tether is actively exploring the creation of a novel stablecoin registered within the US that will comply with upcoming American regulations for such assets. This move, according to Ardoino, allows for two distinct products tailored to different markets and suggests that USDT’s dominance in the U.S. and Europe may face future challenges. USDT currently faces hurdles under existing US legislation as it requires foreign stablecoin issuers like Tether, based in El Salvador, to adhere to stringent anti-money laundering regulations and undergo rigorous audits of their reserves. However, Tether has never undergone a full financial audit. Critics and competitors highlight the possibility that if forced to comply with these complex anti-terrorism and anti-money laundering rules, Tether could entirely withdraw from the US market. The long-standing concern regarding Tether’s ability to meet the backing of each USDT token continues to persist.