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Tether and Circle's Response to the GENIUS Act: Innovations and Strategy

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by Giorgi Kostiuk

4 hours ago


The new initiatives by Tether and Circle in response to the adoption of the GENIUS Act highlight changes aimed at complying with new regulatory requirements in the digital asset space.

New USDT Version for Institutional Users

Following the approval of the GENIUS Act, Tether announced its commitment to align USDT operations with new U.S. regulations. A new version of USDT targeting institutional users is expected to feature structured audits and reserve reforms. Tether's CEO, Paolo Ardoino, expressed confidence in the company's ability to meet compliance needs, supported by the company's recent $1.3 billion profit.

Circle's Support for the GENIUS Act

Circle, led by CEO Jeremy Allaire, endorsed the GENIUS Act, highlighting it as a model for their compliant approach to digital finance. The legislation significantly impacts reserve policies within both Tether and Circle’s ecosystems. Circle sees this legislation as a critical endorsement of its operational model.

Regulatory Influence on Stablecoin Market Dynamics

Research indicates that regulatory shifts similar to the GENIUS Act previously resulted in significant growth in stablecoin market capitalization. Transparency and compliance are becoming foundational to the evolution of stablecoins. However, the need for compliance investment could temporarily challenge operational costs, while advancements in technology promoted by regulation may spur innovation in decentralized financial products and protocols.

The efforts of Tether and Circle to comply with new regulatory requirements, as demonstrated by the GENIUS Act, signify significant changes in the dynamics of the digital asset and stablecoin market.

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