Paolo Ardoino, the CEO of Tether, is scheduled to speak at the DC Fintech Week conference in Washington, D.C. The focus of his speech will be on stablecoins and regulatory developments.

Tether is the issuer of USDT, the largest stablecoin in terms of market capitalization, which is approximately $120 billion. USDT is pegged to the U.S. dollar and holds about 71% of the U.S. dollar-backed stablecoin market. Despite facing criticism and concerns about transparency and illicit activities, USDT remains the most widely used stablecoin on global exchanges.

Ardoino's address is particularly relevant as stablecoins gain popularity among institutional investors, while the U.S. lags behind in establishing comprehensive regulations for stablecoin operators. In contrast, Europe is expected to implement its Markets in Crypto-Assets regulation by the end of the year, which could have a significant impact on Tether's operations.