According to some experts, the adoption of the GENIUS Law represents a serious threat to Tether's dominance in the stablecoin market.
⚫️ GENIUS requires 100% backing with liquid assets, annual audits, total transparency of reserves, and registration in the U.S.
⚫️ Tether maintains reserves in volatile assets like Bitcoin and gold, with limited disclosure.
⚫️ Moving the headquarters to El Salvador is unlikely to evade U.S. regulations.
⚫️ Tether has promised audits since 2017 but has not fulfilled them.
⚫️ Its only options: launch a stablecoin that complies with U.S. regulations or focus on offshore markets.
USDT
