Tether, the largest stablecoin issuer, is stepping up its game in the U.S. With a market cap of nearly $142 billion, the company is actively working with lawmakers to shape stablecoin regulations. Business journalist Eleanor Terrett recently revealed in a post on X that Tether is directly involved in discussions to help create a clear regulatory framework.
This comes at a crucial time, as the U.S. House and Senate have introduced three different stablecoin bills in an effort to bring more oversight to the industry.
How does Tether come into the picture? Here’s everything you need to know.
Tether’s Role in US Stablecoin Regulation
According to Terrett, Tether CEO paolo ardoino 
paolo ardoino
Paolo Ardoino is the Chief Technology Officer at Bitfinex, founded by iFinex in 2012. Ardoino became majorly concerned with cryptography and discovered distributed systems while undergoing research for a military project and later moved to London in 2013 where he founded Fincluster, a technology startup that built a cloud-based Financial Service Application for Fund Managers and Institutions. Ardoino began his career as a senior software developer at Bitfinex in 2014. After two years, he was promoted to Chief Technology Officer. Ardoino also serves as the commander, Bitfinex underwent a banner year in 2020, where they launched a staking service, institution-grade custody services, an open-source peer-to-peer streaming protocol, and a market surveillance tool, all under the technical supervision of Paola Ardoino under Ardoino Tether's stablecoin, USDT has grown to become the first and largest United States and dollar-backed Stabelcoin by market capitalization. In the year 2017, Ardoino became the Chief Technology Officer of Tether, founded in the year 2014. Moreover, the exchange made headlines for creating one of the largest Bitcoin transactions ever. In 2022 Arduino worked with Michele Foletti, the mayor of Lugano Switzerland, to accept Tether and other Cryptocurrencies for municipal payments. Under Arduino Tether has aimed to support the country's Bitcoin adoption which aims to raise $1 billion.
Personal Details:
Born: Italy 1984
Organization: SwissBorg, Bitfinex.
Location: Lausanne, Switzerland
Graduation: Paolo holds a degree in Computer Science and Engineering from the University of Genoa
Experience:
Chief Executive Officer at Tether. to from Dec 2023 to present
Chief Technology Officer at Tether.to from Dec 2017 to Apr 2024
Chief Technology Officer at Bitfinex from Mar 2015 to present
Senior Software Developer at Bitfinex from Oct 2014 to Feb 2015
Chief Strategy Officer at Holepunch from Jan 2020 to present
Partner at Fincluster from 2012 to 2015
Senior Full-Stack Developer at Swiss-based Asset Manager from 2010 to 2012
Co-Founder at Involutive snc from Jan 2007 to Apr 2009
Senior Software and Web Developer at Freelance Consultant from 2003 to 2008
Ardoino is one of the Top Blockchain Speaker as he actively takes part in the development of Blockchain Technology
EntrepreneurDeveloper/ProgrammerFinanceChief Technology Officer
confirmed the company’s commitment to supporting lawmakers in building a strong and effective regulatory framework for stablecoins.
He also stated that Tether plans to actively participate in discussions and provide valuable input to help shape these laws. Ardoino stressed that the company wants to make sure its voice is heard as the regulations take form.
Three Stablecoin Bills Under Review
In the past week, at least three stablecoin bills have been introduced in the U.S. House and Senate. These proposals aim to establish clearer rules for stablecoin issuers:
- The STABLE Act, introduced by Congressman Bryan Steil and senior lawmaker French Hill, seeks to create a stablecoin regulatory framework with bipartisan support. The bill is currently under review.
- The GENIUS Act, proposed by Senator Bill Hagerty, calls for federal oversight of payment stablecoins while allowing states to retain some control. This bill has also gained bipartisan backing.
- Maxine Waters’ Stablecoin Bill would require issuers to register and maintain one-to-one reserves backed by U.S. dollars or approved assets, ensuring stability and consumer protection.
Reports suggest that lawmakers aim to finalize these bills by April, setting the stage for a more structured stablecoin market in the U.S.
Tether’s Role in Shaping Regulations
As stablecoin regulations move forward, Tether is making sure it plays an active role in the discussions. While the company remains committed to compliance, it is also advocating for its interests in shaping policies that will impact the broader crypto industry.
With new regulations on the horizon, the coming months will be crucial for stablecoin issuers and the wider cryptocurrency market.
