Bitman on Nostr: 🚨 Tether may sell $8 billion in #Bitcoin to comply with new U.S. stablecoin ...
🚨 Tether may sell $8 billion in #Bitcoin to comply with new U.S. stablecoin regulations, according to JP Morgan.
Currently, only 66% of its reserves meet compliance standards, while Tether holds approximately 83,758 BTC.
The STABLE Act imposes stricter reserve requirements and allows state-level regulation, while the GENIUS Act mandates federal oversight for major issuers and permits a broader range of reserve assets.
If either bill passes, Tether may need to restructure its reserves, likely increasing its holdings of U.S. Treasury securities.
Published at
2025-02-13 14:56:33 GMTEvent JSON
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"content": "🚨 Tether may sell $8 billion in #Bitcoin to comply with new U.S. stablecoin regulations, according to JP Morgan.\n\nCurrently, only 66% of its reserves meet compliance standards, while Tether holds approximately 83,758 BTC.\n\nThe STABLE Act imposes stricter reserve requirements and allows state-level regulation, while the GENIUS Act mandates federal oversight for major issuers and permits a broader range of reserve assets.\n\nIf either bill passes, Tether may need to restructure its reserves, likely increasing its holdings of U.S. Treasury securities.\nhttps://m.primal.net/OeFv.jpg",
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