Tedhar CEO Paolo Edino has defended the role of the company in the US financial system, stating that its $ 115 billion in Treasury Holdings makes US debt more flexible.
Speaking at the program of an RBITCOIN Policy Institute on 11 March, Ardoino argued that Tether’s (USDT) investment helps to diversify and strengthen American debt. “We have done more for financial inclusion than someone else,” he said. “And while doing so, we are buying us back. If we were a country, we will be the 18th largest holder of the US Treasury. ,
According to Difilama, the tetter in Stabelcoin market commanded the market capitalization of 63% and $ 143 billion in Stabelcoin Market. dataDespite regulatory failures in Europe, the company posted a record $ 13 billion net profit in 2024, according to which Forbes,
Tedhar has to return its European operations, while the circle, its chief contestant, has received traction due to compliance with markets in the Crypto-Assets Rules.
The USDT StableCoin is facing landing on several European exchanges, including Binance, which announced that it would stop accepting USDT from users in the European economic field on 31 March. Similar action has been taken by other companies, such as Crypto.com and KRAKEN, which has closed USDT trading pair for its European users.
The US is also likely to face difficulties due to the new rules. The company must modify its reserved measures if a proposed Stabelcoin Bill prevents offshore issuers from reaching the US Treasury markets, a step that can further benefit the USD coin (USDC) rivals such as USD coins (USDCs).
As the regulatory pressure increases, Tedhar took a strategic decision to move its headquarters to Lalvador after obtaining a digital asset service provider license in January. Although the business will establish a physical space in Al Salvador, most of the operations will be conducted remotely.
