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Tether is allocating billions of dollars to mining at more than 15 sites around the world, aiming to become the largest Bitcoin miner by the end of the year and protect its BTC-backed reserves.
The GENIUS Act requires Tether to comply with new US regulations or leave the market; a US stablecoin is currently being developed to meet regulatory requirements.
Tether, the issuer of the world’s largest stablecoin USDT, is preparing for a significant shift in its strategy. Amid growing regulatory pressure due to the recently passed GENIUS Act in the US, CEO Paolo Ardoino has announced ambitious plans to make Tether the world’s largest Bitcoin miner by the end of 2025. This comes as the company attempts to launch a fully compliant stablecoin in the US amid growing regulatory scrutiny.
Paolo expressed confidence that the Senate’s passage of the Genius Act will create a global compliance system for stablecoins, both domestic and foreign. Tether plans to adapt its current USDT token to the new standards, as well as issue a new onshore stablecoin intended for the US market.
In a recent Bankless podcast with Ryan Sean Adams, Ardoino shared that Tether is heavily invested in Bitcoin mining, as well as artificial intelligence, telecommunications, and data center projects. Ardoino, who holds over $10 billion in Bitcoin assets, emphasized the importance of protecting the network that underlies Tether’s assets. By aiming to become one of the largest miners, Tether hopes to protect its interests from potential manipulation and centralization risks. Ardoino confidently stated, “Realistically speaking, Tether will be the largest miner in Bitcoin by the end of this year.”
Despite stiff competition from established mining companies like Marathon Digital and Riot Platforms, Tether has made significant strides by partnering with governments in Latin American countries, including El Salvador, Paraguay, and Uruguay. With over 15 mining sites, the company has quietly invested billions into developing its mining infrastructure. However, questions remain as Tether has yet to disclose its share of the total Bitcoin hashrate.
While Tether aims to become a leader in mining, the company also needs to overcome new regulatory hurdles in the U.S. The GENIUS Act, which passed in June 2025, requires all stablecoin issuers to hold all reserves, comply with AML/KYC rules, and adhere to transparency principles. Tether has 18 to 36 months to comply or face exclusion from the U.S. market.
At the same time, the company is working with the US Department of Justice to help block illicit funds through its blockchain monitoring systems. He noted that Tether is working with over 250 law enforcement agencies around the world, an unprecedented achievement in the cryptocurrency space.
Now Tether must choose between upgrading USDT to US standards, launching a new regulated stablecoin, or exiting the US market. Meanwhile, competitors like USDC and RLUSD are poised to take advantage of any misstep. All in all, it’s clear that Tether is not just a stablecoin issuer, but a significant player betting heavily on Bitcoin’s infrastructure.
Source: cryptonews.net
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