TechFlow news — On February 15, according to FOX Business reporter Eleanor Terrett, Tether is actively engaging with U.S. lawmakers on a regulatory framework for stablecoins. Tether CEO Paolo Ardoino stated the company will actively participate in the legislative process.
Currently, three stablecoin bills are advancing in Congress: the STABLE Act, the GENIUS Act, and the Waters proposal. These require issuers to maintain 1:1 reserves, hold only highly liquid assets such as U.S. Treasuries, and undergo monthly audits.
As the largest stablecoin issuer with approximately 60% market share, Tether currently holds over $114 billion in short-term U.S. Treasuries. With Republicans controlling both chambers of Congress, lawmakers aim to complete legislation by April.
