Tether, the company behind the USDT stablecoin, is actively involved in shaping new US laws for cryptocurrencies pegged to the dollar.
Tether’s Proactive Approach
Paolo Ardoino, Tether’s CEO, is reportedly working closely with US government officials to influence upcoming stablecoin regulations. He’s stated that Tether intends to provide input on proposed bills and will comply with whatever laws are ultimately passed. Ardoino emphasized Tether’s commitment to adapting to US legislation and ensuring their voice is heard in the process.
New Stablecoin Bills in Congress
Several stablecoin-related bills have recently been introduced in Congress. These include a discussion draft of the STABLE Act of 2025, which aims to create a regulatory framework for dollar-pegged crypto assets. Tether is actively participating in discussions surrounding this bill.
Potential Regulatory Requirements
If these bills pass, Tether anticipates needing to comply with requirements such as monthly audits by US accounting firms and maintaining a 1:1 ratio of reserves to assets, all approved by regulators. Currently, Tether publishes daily updates on its reserves, showing $143 billion in net assets and $136 billion in liabilities as of December 2024.
