# JP Morgan: U.S. regulators do have some control over stablecoin Tether

By [SAND](https://paragraph.com/@sand-4) · 2024-02-19

---

Although Tether is not located in the United States, U.S. regulators have some control over its overseas use through the Office of Foreign Assets Control (OFAC). A report from JPMorgan Chase & Co. noted that Tether’s dominance as the largest stablecoin faces challenges due to U.S. market dependence and upcoming regulations. Future stablecoin regulation may put indirect pressure on Tether, making it less attractive relative to stablecoins that are more transparent and more compliant with new regulatory KYC/AML standards.

---

*Originally published on [SAND](https://paragraph.com/@sand-4/jp-morgan-u-s-regulators-do-have-some-control-over-stablecoin-tether)*