Deep Tide TechFlow news, on July 19, according to Decrypt, Tether CEO Paolo Ardoino stated that the company will do its utmost to ensure that its flagship stablecoin USDT complies with the requirements of the (GENIUS Act) for foreign stablecoin issuers in order to trade in the U.S. market. In addition, Tether still plans to launch a stablecoin specifically for the U.S. market, which will coexist with USDT, serving different customer needs; for example, USDT may primarily be used for overseas remittances within the U.S.
It is reported that the (GENIUS Act) requires foreign issuers to comply with strict anti-money laundering laws and undergo complex reserve audits. USDT is currently issued by Tether in El Salvador, and the company plans to complete stringent anti-money laundering legal compliance and comprehensive auditing within the next three years (a comprehensive audit has not yet been completed).