Tether at Risk as U.S. Stablecoin Bill Advances

The Senate-passed Genius Act threatens Tether’s access to the U.S. market by requiring stablecoin issuers to hold safe reserves, undergo audits, and register with regulators. Tether’s use of bitcoin and lack of full transparency could disqualify it. The bill, backed by President Trump, offers a 3-year grace period and favors compliant firms like Circle. Tether may rely on its El Salvador license to stay in the U.S. but could shift focus to emerging markets if forced out.

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