CoinDesk·4 min read·hard
Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms
J
Jesse Hamilton
✦AI Summary
Tether's USDT stablecoin faces regulatory pressure as it nears a two-year deadline to comply with the U.S. GENIUS Act. Despite CEO assurances, a significant portion of Tether's reserves remain in assets that do not meet the strict liquidity requirements mandated by the law.
Despite assurances last year from CEO Paolo Ardoino that the stablecoin giant would achieve U.S. compliance for USDT, the company hasn't yet revealed a sharp turn toward the demands of the Guiding and Establishing National Innovation for U.S. Stablecoins ( GENIUS ) Act, which became law one year ago.
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