Background The US Senate is nearing approval of the GENIUS Act, which could pose significant challenges for stablecoin issuer Tether in the US market. Tether’s USDT, the largest stablecoin by market share globally with a current issuance of $155 billion, may not meet the standards outlined in the GENIUS Act. Legal experts suggest Tether may need to wait and see, but critics of the bill argue that Tether could still find significant loopholes to attract US investors. Potential Choices for Teth...

Background The US Senate is nearing approval of the GENIUS Act, which could pose significant challenges for stablecoin issuer Tether in the US market. Tether’s USDT, the largest stablecoin by market share globally with a current issuance of $155 billion, may not meet the standards outlined in the GENIUS Act. Legal experts suggest Tether may need to wait and see, but critics of the bill argue that Tether could still find significant loopholes to attract US investors. Potential Choices for Teth...