Tether is considering expanding its business presence in the United States

2025-01-17 11:49:27

Collection

ChainCatcher news, according to Bloomberg, Tether CEO Paolo Ardoino stated that the U.S. crypto regulatory environment may improve after Trump's victory, and the company is considering expanding its business layout in the U.S. Meanwhile, Tether is expected to perform strongly in profits in 2024, significantly exceeding the previous forecast of $10 billion, partly due to the 120% increase in the value of its Bitcoin holdings.

Recently, Tether also invested $775 million in the U.S. publicly listed company Rumble and plans to strengthen its lobbying efforts in the U.S., having hired former PayPal executive Jesse Spiro to handle government relations.

In addition, the company will soon complete the construction of its new headquarters in El Salvador and plans to establish a "Tether Tower" skyscraper in the country in the future. Tether's parent company iFinex will relocate entirely to El Salvador and is expected to expand its workforce by hundreds in the local area.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.