Tether Engages U.S. Lawmakers on Stablecoin Regulation
Tether, the issuer behind one of the leading stablecoins, is actively engaged in discussions with U.S. lawmakers to influence the development of federal stablecoin regulations.
The company is working closely with Congressmen Bryan Steil and French Hill, who introduced the STABLE Act on February 6, 2025. Tether is also seeking to provide feedback on additional bills related to stablecoin regulation.
CEO Paolo Ardoino emphasized that while Tether aims to align with U.S. legislation, there is still uncertainty regarding the outcome, and the company is keen on ensuring its perspective is heard during the legislative process. As part of compliance with U.S. regulations, Tether would need to undergo monthly reserve audits by a U.S.-based accounting firm and back its tokens with a one-to-one asset collateral ratio.
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The ongoing discussions between Tether and lawmakers come at a time when broader conversations are happening within the crypto sector, including talks with the U.S. Securities and Exchange Commission (SEC) and discussions about bringing stablecoins under more centralized control. The U.S. government, particularly the Federal Reserve, has signaled interest in stablecoins as a means to enhance the global influence of the U.S. dollar.
In a recent interview, Federal Reserve Governor Christopher Waller noted that stablecoins pegged to the U.S. dollar could further solidify the dollar’s role in global markets. However, Waller also highlighted potential risks, such as the possibility of stablecoins losing their peg or fragmenting the ecosystem.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
