Tether Engages with U.S. on Stablecoin Regulations

Tether, the issuer of the largest stablecoin USDT, is engaging with U.S. lawmakers to influence stablecoin regulations, amidst increased USDT trading volumes and market interest. Tether CEO Paolo Ardoino emphasized commitment to the legislative process, particularly concerning the STABLE Act, which requires stablecoin issuers to maintain reserves in high-quality liquid assets. Critiques from Nic Carter and Representative Maxine Waters have sparked market discussions and volatility. Legislative efforts reflect a bipartisan push for stablecoin regulation to ensure market integrity and liquidity. Industry advocates hope for regulatory clarity under the current administration, aiming to avoid the previous 'regulation-by-enforcement' approach.