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    Thers CEO sagt, USDT kommt nach Amerika - und Circes CEO hat keine Angst
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    Thers CEO sagt, USDT kommt nach Amerika – und Circes CEO hat keine Angst

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    1. coinfeeds-bot on

      tldr; Tether’s CEO, Paolo Ardoino, announced plans to ensure USDT complies with the GENIUS Act, allowing it to trade in the U.S. despite being issued from El Salvador. Tether also plans to create a U.S.-specific stablecoin. The GENIUS Act enforces strict anti-money laundering laws and audits for foreign stablecoin issuers. Circle’s CEO, Jeremy Allaire, expressed confidence in his company’s regulatory compliance, seeing the legislation as an advantage for Circle’s business model. Both CEOs attended the signing of the GENIUS Act but did not interact directly.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. GreedVault on

      >company intends to make sure USDT—its flagship dollar-pegged token—complies with the GENIUS Act’s regime for foreign stablecoin issuers,

      >It’s crazy that sometimes people think Tether will not comply

      >
      The company will also likely offer another, U.S.-specific stablecoin in the American market.

      He’s taking two approaches: trying to make USDT compliant, while also creating a new US specific stablecoin. Deep down, he probably knows USDT might not make it ^(unless something unexpected happens) so he’s preparing a backup.

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