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JPMorgan says Tether may need to sell bitcoin to comply with proposed US stablecoin regulations

The U.S. has introduced two stablecoin bills — the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act in the House and the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in the Senate — seeking to regulate stablecoin issuers with licensing requirements, risk management rules and 1:1 reserve backing.

Under the House's STABLE Act, only 66% of Tether's reserves are compliant, while under the Senate's GENIUS Act, 83% meet standards, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday. Notably, both figures suggest a declining compliance ratio since mid-2024 as stablecoin supply surged, the analysts said.

JPMorgan says Tether may need to sell bitcoin to comply with proposed US stablecoin regulations

The U.S. has introduced two stablecoin bills — the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act in the House and the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in the Senate — seeking to regulate stablecoin issuers with licensing requirements, risk management rules and 1:1 reserve backing.

Under the House's STABLE Act, only 66% of Tether's reserves are compliant, while under the Senate's GENIUS Act, 83% meet standards, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday. Notably, both figures suggest a declining compliance ratio since mid-2024 as stablecoin supply surged, the analysts said.

https://www.theblock.co/post/340579/jpmorgan-tether-bitcoin-us-stablecoin-regulations