Tether CEO Mulls Expanding US Presence, Expects Higher Profits

Tether Holdings Ltd. is considering expanding in the US, following the victory of pro-crypto Donald Trump in the presidential election and after a bumper haul of profits in 2024 that will support the largest stablecoin issuer’s investments.

The prospect of an improved regulatory landscape for crypto companies, coupled with Tether’s recent $775 million investment in US-listed video sharing firm Rumble Inc., present “a great opportunity to start looking at the US environment and how it will change,” Tether Chief Executive Officer Paolo Ardoino said during a Bloomberg Television interview on Thursday.

“I cannot exclude Tether moving a bit more ...