Tether collaborates with US regulators on Stablecoin regulations

Tether, the issuer of USDT, is actively collaborating with U.S. regulators to help shape the future of stablecoin regulations, according to FOX Business reporter Eleanor Terret. Tether's Chief Technology Officer Paolo Ardoino confirmed that the company is working closely with regulators to ensure its 'voice is heard' in the regulatory process. Ardoino declared: "We will work within the regulatory framework and will strive to advise on each proposal in this area". The main Stablecoin bills are currently being discussed Three important bills on stablecoin are currently being passed by the National Assembly, each bill aims to provide strict management guidelines for stablecoin issuers: The STABLE Act ( introduced by Representative Bryan Steil and Congressman French Hill) - Requires stablecoin issuers to maintain high-quality liquidity reserves such as US Treasury bonds and insured deposits. The GENIUS Act ( introduced by Senator Bill Hagerty) - Focuses on federal oversight while preserving state regulatory authority. This bill has received bipartisan support and is being fast-tracked within the first 100 days of President Trump's term in office. The Stablecoin Act by Congresswoman Maxine Waters - Introduced on February 10, 2025, this bill requires issuers to register and maintain a 1:1 reserve backed by US currency or approved assets, with a strong focus on consumer protection and anti-fraud measures. JPMorgan: Tether may need to sell Bitcoin Holdings With USDT holding 60% market share in the stablecoin industry and $114 billion of US Treasury bonds, JPMorgan analysts believe Tether may need to sell some of the Bitcoin and precious metals it holds if proposed regulations are passed. Furthermore, under the new regulatory framework, Tether will need to submit monthly audit reports by a US-based accounting firm to ensure compliance. In response, Ardoino criticized JPMorgan's conclusion, arguing that they misunderstood Tether's operating model and the broader management context. What will be the next regulation regarding Stablecoin? The House and Senate controlled by the Republican Party are aiming for April 2025 as the deadline to finalize and sign the stablecoin bill into law. With continuous involvement of Tether, the legal framework could significantly impact the future of the stablecoin market and the cryptocurrency industry in the United States.