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https://www.gate.com/announcements/article/45974
Tether emerging markets strategy
Key Points:* Tether focuses on emerging markets like Latin America, Asia, and Africa.
While U.S. legislation on cryptocurrency remains favorable, Tether maintains a conservative approach to expansion within its borders. The emphasis continues to be on markets with underdeveloped financial infrastructure, aligning with the company’s core mission.
Tether’s $13 Billion Profit Fuels Emerging Markets Expansion
Tether’s strategic direction reaffirms its mission to serve emerging markets, avoiding direct service to U.S. customers for now. With its prolonged caution towards operating within the U.S., Tether aims to tap opportunities in regions where financial service access is limited, illustrating a commitment to its foundational ethos.
As the company contemplates new stablecoin issues in the United States, these plans come with the caveat of stricter regulatory scrutiny. This strategic approach ensures compliance with comprehensive audits and maintains Tether’s integrity in handling burgeoning financial service demands.
Paolo Ardoino, CEO of Tether, stated, “We invested 2 billion in energy production and bitcoin mining actually is a bit more than that… it’s very realistic that by the end of the year, Tether will be the biggest Bitcoin miner in the world, even including all the public companies.”
Investment in Latin America Signals Major Shift
Did you know? Tether’s strategic focus on areas with weak financial infrastructures has historically led to a stronger presence in developing regions compared to established Western markets.
According to CoinMarketCap, the USDT price remains at $1.00, with a market cap of $153,374,832,408, maintaining a 4.60% market dominance. A recent 24-hour trading volume reached $66,923,064,553, reporting a 5.32% decrease, demonstrating market stability amid steady circulation.