Tether CEO Paolo Ardoino confirmed the company’s intention to bring USDT to the U.S. under the GENIUS Act, signaling a direct challenge to Circle’s dominance in the American stablecoin market. Speaking shortly after President Donald Trump signed the GENIUS Act into law, Ardoino said Tether will comply with the foreign issuer requirements outlined in the bill, including anti-money laundering measures and audited reserves. While Tether has never completed a full audit, Ardoino committed to one in the near future, noting they have three years to meet compliance.

The GENIUS Act introduces strict standards for foreign stablecoin issuers operating in the U.S., raising questions about whether Tether’s El Salvador-based USDT would be shut out. Ardoino dismissed those concerns, stating the company will pursue both a U.S.-compliant USDT and a new American-issued stablecoin to serve different market needs, such as cross-border remittances.

Circle CEO Jeremy Allaire, whose company issues the U.S.-based USDC, responded confidently. He said the GENIUS Act validates Circle’s long-standing approach to regulatory compliance, which includes regular public audits and collaboration with major financial institutions. Allaire suggested the legislation will further solidify Circle’s standing as the preferred partner in the U.S. financial system.

Both executives were present at the White House during the bill signing but did not interact. As Tether moves to expand into U.S. territory, Circle appears unbothered, believing that regulatory clarity will only widen the gap between them and their rivals. The battle for stablecoin supremacy in America has officially begun.