- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Tether CEO: Will Ensure USDT Compliance with the "GENIUS Act," Tether Has 3 Years to Complete Audit
BlockBeats News, July 19th, Tether's CEO Paolo Ardoino stated that the company will ensure its flagship US dollar-pegged token USDT complies with the requirements of the "GENIUS Act" for foreign stablecoin issuers, enabling it to be traded in the US market. USDT is currently issued by Tether in El Salvador.
“We will do our utmost to ensure compliance with the 'GENIUS Act' for foreign issuers," Ardoino said. "Some people think Tether will not comply, which is a ridiculous idea.” The act requires foreign issuers to comply with strict anti-money laundering laws and undergo complex reserve audits. Although Tether's reserves have never undergone a full audit, Ardoino mentioned that the company plans to conduct an audit in the future.
“We have three years to ensure that this process is properly completed," he added. "We will be very rigorously focused on advancing this matter.” In April of this year, Ardoino revealed that Tether is considering issuing a stablecoin specifically for the US to meet local regulatory requirements. During the past few months when Congress drafted stablecoin legislation, there has been widespread skepticism in the market about whether USDT would be excluded from the US market under the new law.
On Friday, Ardoino stated that Tether still plans to launch a US-based stablecoin while also working to get USDT recognized under the "GENIUS Act." These two Tether products will serve different customer needs in the US, with USDT possibly being used "primarily" for cross-border remittances. "Many foreign nationals working in the US have families abroad," Ardoino said.
BlockBeats Note: Paolo Ardoino attended today’s signing ceremony of Trump's "GENIUS Act."
You may also like
OpenClaw and AI Bots: From AI Trading to BTC Liquidations in the Crypto Gold Rush
AI crypto trading bots like OpenClaw and AI trading apps are reshaping digital markets. From BTC liquidations to crypto bubble charts, automated trading is expanding alongside free crypto airdrops, affiliate programs, LALIGA partnerships, and tokenized gold markets.
Michael Saylor's advice to young people: read more history and science fiction, and use AI to accelerate personal growth
Morning Report | USDC issuance increased by approximately 1.7 billion in one week; Aave will launch the Aave Shield feature; total circulation of Ethereum is approximately 121.53 million
Circle CEO's latest interview: Stablecoins are not crypto assets
Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $763 million; the net inflow for Ethereum spot ETFs in the U.S. was $160 million
This Week's Key News Preview | The Federal Reserve Announces New Interest Rate Decision; The U.S. Releases February PPI Data
From Human Strategy to AI Trading Bot: How Shadow Trading AI Won 2nd Place in the WEEX Hackathon
Ivan’s Shadow Trading AI secured second place in the WEEX AI Trading Hackathon, demonstrating how AI trading systems built on real market expertise can perform under live market conditions.
Circle CEO’s Insight: The Future of Stablecoins and Digital Financial Platforms
Key Takeaways: Circle completed a noteworthy IPO in 2025, signifying a major milestone in the crypto space. The…
NVIDIA GTC 2026 Set to Gather Global Tech Enthusiasts
Key Takeaways: NVIDIA GTC 2026 will occur in San Jose from March 16-19, bringing together over 30,000 participants.…
What Competitive Edges Still Remain in the AI era?
Key Takeaways: AI’s ability to write code and automate tasks is reshaping traditional job structures, pushing for new…
Aave’s New Protective Layer: Introducing Aave Shield
Key Takeaways: Aave has introduced the Aave Shield feature, designed to block swaps with a price impact exceeding…
U.S.-Iran Conflict Intensifies Amid Diplomatic Stalemate
Key Takeaways: Middle Eastern efforts to mediate U.S.-Iran tension have been declined by both nations, indicating a readiness…
AI “Brainwashing” Scandal: Spotlight on GEO and Data Poisoning in Large Models
Key Takeaways: The GEO business has emerged, capitalizing on AI manipulation by making products appear as standard answers…
Bitwise CIO: Bitcoin’s Potential to Reach $1 Million if it Captures Gold and Sovereign Debt Market Share
Key Takeaways: Matt Hougan of Bitwise suggests that Bitcoin could reach a $1 million price if it captures…
Argentinian President Milae Accused of $5 Million Scheme with LIBRA Token
Key Takeaways: President Milae is alleged to have facilitated a $5 million scam involving LIBRA tokens. The scheme…
Aave Post-Mortem: Liquidity Shortfall Causes $50 Million Loss
Key Takeaways: On March 12, 2026, a significant token swap on Aave led to a $50.43 million discrepancy…
Bitcoin’s HODL Strategy Faces a 5.96% Unrealized Loss
Key Takeaways: Bitcoin holds a current unrealized loss of 5.96%, translating to an estimated $3.34 billion. Bitcoin has…
Polymarket’s Predictions on Bitcoin’s 2026 Trajectory
Key Takeaways: Polymarket assigns a 40% probability for Bitcoin hitting $100,000 this year, emphasizing market uncertainty. The chances…
OpenClaw and AI Bots: From AI Trading to BTC Liquidations in the Crypto Gold Rush
AI crypto trading bots like OpenClaw and AI trading apps are reshaping digital markets. From BTC liquidations to crypto bubble charts, automated trading is expanding alongside free crypto airdrops, affiliate programs, LALIGA partnerships, and tokenized gold markets.
App