Stablecoin Talks: Tether Engages US Lawmakers

Tether Collaborates with US Lawmakers on Stablecoin Regulations

• Tether is actively engaging with US lawmakers to shape stablecoin regulations.
• Proposed regulations require Tether to have monthly audits and maintain one-to-one reserves.
• Tether CEO Paolo Ardoino confirmed the firm’s involvement in discussions with legislators.
• The STABLE Act mandates high-quality, liquid asset reserves like US Treasury bills.
• Tether holds over $114 billion in short-term Treasury bills as part of its reserves.

Tether is working closely with US lawmakers to influence new stablecoin regulations, which will require monthly audits and maintaining one-to-one reserves. The firm currently holds over $114 billion in short-term Treasury bills as part of its compliance strategy.