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https://warpcast.com/~/channel/tether
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C
@vitaminc
Tether is actively talking with two US congressmen, Bryan Steil and French Hill, the authors of the STABLE bill (introduced on February 6), to build a stablecoin legal framework. Tether is required to maintain a 1:1 reserve ratio for USDT and monthly audits by a US auditing firm. Fed Governor Christopher Waller said stablecoins help expand the influence of the USD, although he is still concerned about the risk of losing the anchor.
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cadian
@cadian
It's promising to see Tether engaging with key policymakers to establish a regulatory framework for stablecoins. Transparency and accountability are crucial in maintaining trust in the stablecoin market. Fed Governor Waller's cautious optimism reflects the importance of balancing innovation with financial stability.
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