Positive Development in Tether's Relationship with the United States: The Company Begins Collaboration with the United States for Stablecoin Legislation!

Stablecoin Tether is working closely with U.S. lawmakers to influence the regulatory framework surrounding fiat-backed digital currencies in the country.

Tether, the issuer of the world's largest stablecoin USDT, has been a controversial figure in US cryptocurrency policy debates largely due to concerns about transparency.

Critics have long argued that Tether has never undergone a full audit, instead relying on quarterly evaluations conducted by the global accounting firm BDO. Despite these concerns, Tether dominates the stablecoin market, which accounts for approximately 60% of the $230 billion sector. The company also plays a significant role in global financial markets, holding over $114 billion in short-term U.S. Treasury bonds.

With the Congress actively working to create a regulatory framework for stablecoins, Tether CEO Paolo Ardoino confirmed that the company is currently in direct contact with top legislators to help shape the upcoming legislation.

"We will work within the regulatory framework and try to provide advice on each of these proposals to ensure our voice is heard," Ardoino said, referring to the three stablecoin bills introduced in Congress last week. Additionally, he emphasized that Tether is committed to compliance regardless of the final form of the legislation.

Ardoino said, “We will not throw in the towel and let Tether die just to comply with US legislation,” and added, “But there is still a lot of uncertainty about what will actually happen, and we want our voice to be heard in the legislative process.”

House Financial Services Committee Digital Assets Subcommittee Chairman Congressman Bryan Steil confirmed his involvement in the debate on the STABLE Act, a bill introduced by Tether with Congressman French Hill, in an interview with Fox Business. In addition to this bill, two other stablecoin bills were introduced last week by Republican Senator Bill Hagerty and Democratic Congressman Maxine Waters.

The GOP-controlled House of Representatives and Senate are pushing for a final bill to be signed by President Trump as early as April. If passed, the regulations would require Tether to be subject to monthly full audits by a U.S.-based accounting firm and to maintain a one-to-one ratio of reserves with pre-approved assets.