The CEO of Tether, the issuer of the USDT stablecoin, is reportedly collaborating with US authorities to help shape regulations surrounding dollar-pegged cryptocurrencies. According to a recent post by Fox Business journalist Eleanor Terrett on the social media platform X, Paolo Ardoino and Tether are actively participating in discussions with the US government on how to establish laws regarding stablecoins.
Ardoino has stated that Tether will not only provide input on the stablecoin bills that have been introduced recently, but also commit to complying with any regulations that are put in place. He emphasized the importance of working within the regulatory framework and ensuring that Tether’s voice is heard in the legislative process. Despite the uncertainty surrounding the future regulations, Tether is determined to adapt and continue operating in compliance with US laws.
Recently, Representatives Bryan Steil and French Hill introduced a discussion draft of the STABLE Act of 2025, which aims to create a regulatory framework for dollar-pegged crypto assets in the US. Tether is actively engaged in discussions regarding this bill and other stablecoin-related legislation introduced by Representatives Maxine Waters and Senator Bill Hagerty.
If Tether were to comply with the proposed bills, it would involve undergoing monthly audits by a US accounting firm and maintaining a 1:1 ratio of reserves to assets approved by regulators. Currently, Tether provides transparency on its website by updating data on its reserve assets daily. As of December 2024, Tether’s net assets amount to $143 billion, with total liabilities of $136 billion.
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