The Genius Law, signed by President Donald Trump, establishes a regulatory framework for stable digital currency issuers. Tether, the largest actor in the sector, confirmed that he will adapt his operations to comply with the standard and plan to launch a new token aimed at the US institutional market.
President Donald Trump signed last Friday Genius lawthe first federal legislation that regulates the cryptocurrencies in the history of the United States. The standard establishes a clear framework for the emitters of Stablecoinswhich marks a milestone for the sector and was received with optimism for the main companies in the field.
One of the first to express his support was Tetherthe biggest world issuer of Stablecoins and creator of USDTa digital token whose value remains linked to the dollar. Your CEO, Paolo Ardoinoconfirmed from the White House that the firm projects to transfer part of its global operations to the US market, with a particular approach to Institutional users.
“The new regulatory environment allows us to develop a token designed for high efficiency and precision payments, according to the standards waiting for financial institutions,” said Ardoino. In addition, he said that USDT It will comply with the Genius law as a foreign issuer, which will imply new audit processes and adjustments in the management of its reservations.
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It should be remembered that Tether transferred its headquarters to El Salvador In 2024, after obtaining a full license to operate in that country, the first in the world to declare the Bitcoin as legal tenderby means of its Bitcoin Law of 2021.
The company will have a period of three years to fully adapt to the new US legislation. According to Ardoino, the strategy shows Two different versions of your tokensdifferentiating between institutional markets and other uses within the country.
The numbers of Tether, one of the leading market stablecoins
In financial, Tether closed 2024 with a Net profit record of US $ 13,000 millionlargely driven by yields in the US Treasury bonds, repurchase agreements and assets of assets such as Gold and Bitcoin. 15% of these quarterly gains is destined, according to the company, to Bitcoin strategic purchases as part of a “conservative and prudent” approach to diversify your reservations.
For its part, CircleIssuer of USDC And one of Tether’s main competitors, celebrated the new law ensuring that this “reflects the practices with which Circle already operates.” Your CEO, Jeremy AllaireHe argued that the norm “provides legal certainty” and opens the door for a greater institutional adoption of intelligent contracts based.
After his recent and successful IPOCircle has captured the interest of important analysts, who anticipate sustained growth in the regulated sector of digital assets.
With the Genius lawThe United States advances in the institutionalization of cryptocurrencies, in an attempt to consolidate a more robust, transparent and compatible financial ecosystem with the demands of traditional investors.
Source: Ambito
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