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.