{"id":149974,"date":"2025-02-16T10:00:15","date_gmt":"2025-02-16T08:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=149974"},"modified":"2025-02-16T11:23:24","modified_gmt":"2025-02-16T09:23:24","slug":"heres-how-tether-is-influencing-u-s-stablecoin-regulations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/heres-how-tether-is-influencing-u-s-stablecoin-regulations\/","title":{"rendered":"Here\u2019s How Tether Is Influencing U.S. Stablecoin Regulations"},"content":{"rendered":"
With Congress working on new legislation for fiat-backed digital currencies, Tether is seeking<\/a> <\/strong>to influence the process to ensure its interests are represented.<\/p>\n The company has often been at the center of controversy due to concerns about transparency, as it has never undergone a full audit. Instead, it relies on quarterly reports from accounting firm BDO. Despite these concerns, Tether<\/a> <\/strong>continues to dominate the stablecoin market, making up around 60% of the sector, which is valued at approximately $230 billion. Additionally, its influence extends into traditional finance, with the company holding over $114 billion in U.S. Treasury bonds.<\/p>\n Paolo Ardoino, Tether\u2019s CEO, confirmed that the company is directly engaging with key policymakers to provide input on the proposed regulations. He emphasized that Tether is committed to working within the regulatory framework and ensuring its perspective is considered. Last week, three different bills concerning stablecoin oversight were introduced in Congress, and Tether is actively involved in discussions surrounding these legislative efforts.<\/p>\n