The U.S. has passed the GENIUS Act — a new #Stablecoin law that could cause big problems for Tether, the $156 billion stablecoin giant.
Here’s what the law says:
🔹 All stablecoins must be backed 1:1 by safe assets (like cash or U.S. Treasuries)
🔹 Regular audits are required
🔹 Full transparency of reserves is a must
Tether currently uses a mix of #Bitcoin gold, and other assets — and has never done a full public audit.
This new rule could force Tether to change how it operates in the U.S. — or leave the market altogether.
👉 Meanwhile, rivals like $USDC are already compliant and gaining support.
