PANews reported on July 19 that after President Donald Trump signed the GENIUS Act, Tether CEO Paolo Ardoino said that the company plans to ensure that its flagship stablecoin USDT (a token pegged to the US dollar) complies with the GENIUS Act's regulations for foreign stablecoin issuers, allowing it to trade in the United States. Ardoino said that Tether still intends to create a US-based stablecoin, but also wants USDT to be approved by GENIUS. He said that Tether's two products will meet the different needs of different customers in the United States. For example, USDT may be used "mostly" in the United States as a way to send money overseas.

The GENIUS Act requires foreign issuers to comply with strict anti-money laundering laws and undergo complex reserve audits. Tether's reserves have never been fully audited, but Ardoino said the company plans to conduct an audit in the future.