Tether multiplies records with billions. However, a grain of sand influences this well -oiled mechanics: regulation. Behind the 160 billion USDT in circulation, an Achilles heel persists. Faced with the Genius Act, a new centerpiece of the American legislative arsenal, the stablecoin giant must adjust the shot. Make way for catch -up, domestic ambitions and a strategic turn.
In short
- Ardoino applauds the Genius Act and promises complete compliance to the American market.
- Two Stablecoins will be launched: USDT for foreigners, a new one for American institutions.
- Tether-circle rivalry intensifies, each playing their transparency or media recovery card.
- The arrival of Tether could boost the liquidity of Bitcoin but increase the systemic crypto risks.
White House and Crypto: Tether plays at home, finally
A few hours after the Signature of the Genius ActPaolo Ardoino, CEO of Tether, savor this moment as a rebirth. “” We are very proud to be here and to be directly mentioned by the president, because it testifies to all the good work accomplished by our team in recent years “, he said From the White House (source).
It's not nothing. Formerly pointed out by regulators, Tether offers himself today a rehabilitation with great fanfare. Ardoino continues the salvas: audits, conformity, transparency … The man even promises 100 % American Stablecoinspecially designed for institutions. No more Caribbean blur, hello America of lobbies and big oven.
In this tweet that has become viral, he wrote on July 18: ” Now that President Trump has led the United States to adopt digital assets, we believe we can increase our impact tenfold and establish the world domination of the dollar ».
This plants the decor.
Two stablecoins for two Americas: USDT sails between strategy and survival
Faced with the Genius Act, Ardoino opts for a double blade : USDT on the one hand, a domestic version of the stablecoin on the other. The USDT will continue to exist via a “Foreign from Pathway”, intended in particular for expatriates and cross -border transfers. The new token, it will aim at Wall Street, with a promise: efficiency and full compliance.
Institutions are used to super effective markets, and they have the slightest basis point; This is why we must design something that is suitable for this new market.
Paolo Ardoino – Source: Coindesk
Meanwhile, Circle, Grand Rival de Tether, displays a calculated serenity: ” The Genius Act truly devotes the way of doing the business of Circle in the law. We have always been trustworthy, transparent; We have been the subject of public audits for five years ».
Between Circle and Tetherthe Battle of Stablecoins intensifies, each camping on their niche. One claims historical conformity, the other focuses on a flash and publicized repositioning. Ardoino must therefore convince quickly, well and strong.
The crypto under tension: Tether, Bitcoin and SMEs on the wire
Tether's entry into the American regulatory lap will not only be happy. If the impact on bitcoin could be massive, the collateral effects on the stability of the crypto market remain to be monitored.
Some striking figures:
- The USDT weighs $ 161 billion: it is the largest stablecoin in the world;
- 500 million users have already adopted it, according to Ardoino;
- Circle has five years of regular public audits, against zero to Tether … for the moment;
- Coinbase injected $ 25 million into Fairshake to push Crypto bills to the congress.
With this new legislation, Tether could Strengthen Bitcoin liquidity. More USDT in American crypto exchanges, it is more purchases, more volume, more volatility. But beware of Boomerang effects: liquidity mismatches, increased lever, risk concentration.
What about Crypto SMEs in all of this? They will have to juggle between transparency, conformity and compliance costs. Giants like Tether can absorb the impact. Small actors are likely to bend under the regulatory weight. Tether opens a breach. It is still necessary that everyone can cross it.
The American turn of Tether impresses. However, thousands of kilometers, a completely different war is committed. In Europe, Ardoino frontly opposes the Mica regulation. He judges his demands “dangerous” for banks and contrary to financial freedom. Result: several platforms remove the USDT from the European market. The future of the stablecoin king now seems to be torn between two continents.
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