Tether’s $3 Billion USDT Mint Raises Questions Amid Stablecoin Law Passage

Description

Tether, a major player in the crypto space, has created $3 billion worth of popular stablecoin USDT within a single day. This significant and sudden increase in supply comes at a time when the United States is moving closer to introducing new rules for stablecoins. These rules, under the proposed GENIUS Act, may change how stablecoins operate in the country. As a result, market attention could shift toward regulated alternatives such as Ripple’s RLUSD. Tether Increases Supply As GENIUS Act Sets ...