Tether CEO Says Stablecoin Issuer Is Making Plans to Enter US

The passage of landmark US crypto legislation signed into law last week by President Donald Trump is prompting the world’s largest issuer of stablecoins to make plans to do business in the US again.

“We are well in progress of establishing our US domestic strategy,” Tether Holdings SA Chief Executive Officer Paolo Ardoino said Wednesday during a Bloomberg Television interview. “It’s going to be focused on the US institutional markets, providing an efficient stablecoin for payments but also for interbank settlements and trading.”

Stablecoins are digital assets designed to hold a steady value, usually pegged to a traditional currency such ...