Tether Exploring Compliant Stablecoin for Institutional Investors

Tether is considering a move to issue a compliant stablecoin targeted at institutional investors. This strategic shift comes in response to advancing US stablecoin legislation and aims to attract new customers within the financial market. Paolo Ardoino, Tether’s CEO, announced these intentions following discussions with Big Four auditing firms for formal audits to increase transparency. This will expand Tether’s reach across international markets where institutional investors play a significant role.