Tether’s last stand? GENIUS Act leaves USDT with 3 doors AND a ticking clock
2025-07-05 09:13:01
Main Idea
The GENIUS Act pressures Tether (USDT) to comply with new regulatory standards, exit the U.S. market, or launch a compliant stablecoin, potentially benefiting USDC but not immediately shifting market dominance.
Key Points
1. The GENIUS Act gives Tether 18-36 months to comply with rigorous standards, exit the U.S., or launch a new compliant stablecoin.
2. Tether has faced regulatory issues, including a 2021 settlement with the New York Attorney General over claims its reserves were not fully backed.
3. USDC may benefit from Tether's regulatory challenges, but market dominance won't shift overnight despite Circle's compliance advantage.
4. Tether currently holds 62% of the stablecoin market, more than double Circle's 25% share.
5. The GENIUS Act highlights the U.S. demand for transparency and stricter AML/KYC compliance in the stablecoin market.
Description
The GENIUS Act may have finally cornered crypto’s biggest stablecoin. Will it bend or break?
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