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.
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.