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Stablecoin Issuer Tether to Retain ‘Strong Focus’ on Markets Outside US

  • Stablecoin issuer Tether plans to remain focused on markets outside the U.S. while aiming to comply with potential U.S. regulations for digital tokens.
  • Tether, accounting for over 60% of the global stablecoin market, does not serve U.S. customers and is based in El Salvador.
  • U.S. bills require stablecoins to be fully backed by cash and 'safe assets', subject to AML regulations, and audited by big four firms.
  • Tether's recent financial figures show compliance challenges as it eyes launching new stablecoins and AI payment platform.

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