Tether is considering expanding its presence in the United States

PANews reported on January 17 that according to Bloomberg, Tether CEO Paolo Ardoino said that after Trump's victory, the US crypto regulatory environment may improve and the company is considering expanding its business layout in the United States. At the same time, Tether's strong profit performance in 2024 is expected to significantly exceed the previously predicted $10 billion profit, partly due to the 120% increase in the value of its Bitcoin holdings.

Tether has also recently invested $775 million in Rumble, a US-listed company, and plans to step up lobbying in the US, hiring former PayPal executive Jesse Spiro to oversee government relations. In addition, the company will soon complete the construction of its new headquarters in El Salvador, and plans to build a "Tether Tower" skyscraper in the country in the future. Tether's parent company iFinex will also move to El Salvador as a whole, and is expected to add hundreds of employees there.

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Author: PA一线

This content is for market information only and is not investment advice.

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