According to some experts, the adoption of the GENIUS Act poses a serious threat to Tether’s dominance in the stablecoin market.
🟠GENIUS requires 100% backing with liquid assets, annual audits, full reserve transparency, and U.S. registration
🟠Tether holds reserves in volatile assets like Bitcoin and gold, with limited disclosure
🟠Moving HQ to El Salvador likely won’t bypass U.S. regulations
🟠Tether has promised audits since 2017 but hasn’t delivered
🟠Its only options: launch a U.S.-compliant stablecoin or focus on offshore markets
