TechFlow news, February 13 — According to The Block, JPMorgan analysts said that to comply with proposed U.S. stablecoin regulatory legislation, Tether may need to sell non-compliant assets including bitcoin, precious metals, commercial paper, and secured loans.
Based on JPMorgan analysts’ assessment, only 66%-83% of Tether’s current reserves meet the requirements set by two proposed U.S. stablecoin bills. Compliance stands at 66% under the House’s STABLE Act and 83% under the Senate’s GENIUS Act. Analysts noted that this compliance ratio has been declining since mid-2024, coinciding with a surge in stablecoin supply.
If the legislation passes, Tether—which holds nearly 60% of the stablecoin market—would need to restructure its reserve asset composition by increasing holdings of liquid assets such as U.S. Treasury securities. The related stablecoin regulations are expected to take effect later this year.
