🏦 USDT in the global financial system
1. Role in global liquidity
USDT has become the main source of liquidity in the cryptocurrency market. According to Investing.com, its market capitalization is $156.41 billion, making it the largest stablecoin and the third most popular cryptocurrency after Bitcoin and Ethereum.
2. Regulatory initiatives
- USA: The Senate passed the GENIUS bill, which establishes the legal framework for stablecoins, including USDT.
- Trump: expressed support for stablecoin regulation and called for the immediate passage of the law.
- Thailand: exempted crypto investors from taxes for 5 years, which may stimulate the use of USDT in Southeast Asia.
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🔐 Security and transparency
Tether has been criticized for the opacity of its reserves, but after legal proceedings, it committed to publishing reports. Recent data showed that only 10% of the reserves are backed by cash, the rest is in the form of short-term assets and bonds.
Also, in June 2025, Tether froze $12.3 million USDT on the Tron network due to suspicious activity, demonstrating a willingness to cooperate with law enforcement.
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🌍 Geopolitics and investigations
According to the Wall Street Journal, an investigation is underway in the USA against Tether on suspicion of facilitating sanctions evasion and money laundering. The Treasury is considering imposing restrictions on interactions with the company.
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📈 Trends and prospects
- Growth of stablecoin capitalization: from May to June 2025, the total capitalization exceeded $250 billion, and USDT holds a key share in it.
- Institutional interests: JP Morgan is considering launching its own stablecoin, confirming the growing importance of the sector.
- Technological development: Tether is testing its own Plasma network to increase the speed and scalability of transactions