Tether Pledges Compliance with US ‘GENIUS Act’ for Stablecoin Issuers
The post Tether Pledges Compliance with US ‘GENIUS Act’ for Stablecoin Issuers appeared on BitcoinEthereumNews.com. Key Points: Tether pledges compliance with the GENIUS Act for USDT issuance. CEO Paolo Ardoino assures rigorous efforts. Failure risks exclusion from the U.S. market. BlockBeats News reports that Tether’s CEO, Paolo Ardoino, confirmed the company’s commitment to ensuring compliance with the “GENIUS Act” for its dollar-pegged USDT token. The act was signed into law on July 18, 2025, by U.S. President Donald Trump. Tether’s adherence to the GENIUS Act is crucial for its USDT to remain market-accessible in the U.S. Failure to comply could lead to significant market exclusion, simultaneously allowing competitors like USDC to capture a larger share. Tether Prepares for GENIUS Act Compliance Challenges Tether’s CEO Paolo Ardoino emphasized the company’s dedication to aligning USDT with the GENIUS Act requirements, which target anti-money laundering and reserve audits for foreign stablecoin issuers. Despite existing skepticism, Tether plans to complete these processes within three years. Ardoino stated, “We will do our utmost to ensure compliance with the ‘GENIUS Act’ for foreign issuers. Some people think Tether will not comply, which is a ridiculous idea.” USDT’s market status hinges on its compliance within the given timeframe. If compliant, it retains U.S. access; otherwise, it risks being restricted, potentially benefiting competitors. Notably, USDT’s market value has reached 160.89 billion USD, showcasing its broad usage, notably on TRON. Tether’s current reserve composition challenges arise from the GENIUS Act’s demands for USD-backed holdings, contrasting with its existing reserves that include Bitcoin and precious metals. Market responses to these developments vary. Some industry analysts view Tether’s compliance efforts as reassuring, while others remain skeptical about its ability to meet the new auditing standards. Ardoino himself labeled doubts about Tether’s willingness to comply as “ridiculous,” asserting a rigorous focus on meeting the requirements. GENIUS Act: Historical Context and Market Analysis Did you know? The GENIUS…
The post Tether Pledges Compliance with US ‘GENIUS Act’ for Stablecoin Issuers appeared on BitcoinEthereumNews.com.
Key Points: Tether pledges compliance with the GENIUS Act for USDT issuance. CEO Paolo Ardoino assures rigorous efforts. Failure risks exclusion from the U.S. market. BlockBeats News reports that Tether’s CEO, Paolo Ardoino, confirmed the company’s commitment to ensuring compliance with the “GENIUS Act” for its dollar-pegged USDT token. The act was signed into law on July 18, 2025, by U.S. President Donald Trump. Tether’s adherence to the GENIUS Act is crucial for its USDT to remain market-accessible in the U.S. Failure to comply could lead to significant market exclusion, simultaneously allowing competitors like USDC to capture a larger share. Tether Prepares for GENIUS Act Compliance Challenges Tether’s CEO Paolo Ardoino emphasized the company’s dedication to aligning USDT with the GENIUS Act requirements, which target anti-money laundering and reserve audits for foreign stablecoin issuers. Despite existing skepticism, Tether plans to complete these processes within three years. Ardoino stated, “We will do our utmost to ensure compliance with the ‘GENIUS Act’ for foreign issuers. Some people think Tether will not comply, which is a ridiculous idea.” USDT’s market status hinges on its compliance within the given timeframe. If compliant, it retains U.S. access; otherwise, it risks being restricted, potentially benefiting competitors. Notably, USDT’s market value has reached 160.89 billion USD, showcasing its broad usage, notably on TRON. Tether’s current reserve composition challenges arise from the GENIUS Act’s demands for USD-backed holdings, contrasting with its existing reserves that include Bitcoin and precious metals. Market responses to these developments vary. Some industry analysts view Tether’s compliance efforts as reassuring, while others remain skeptical about its ability to meet the new auditing standards. Ardoino himself labeled doubts about Tether’s willingness to comply as “ridiculous,” asserting a rigorous focus on meeting the requirements. GENIUS Act: Historical Context and Market Analysis Did you know? The GENIUS…
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