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BitcoinSistemi 2025-02-13 14:40:09

JPMorgan Analysts Say Tether (USDT) May Have to Sell Its Bitcoins! Here's Why!

JPMorgan analysts have warned that Tether (USDT) may need to sell non-compliant assets including Bitcoin (BTC), precious metals, corporate paper, and collateralized loans to comply with proposed U.S. stablecoin regulations. JPMorgan: Tether May Have to Sell Bitcoin to Comply with US Stablecoin Regulations Proposed Stablecoin Regulations The US has introduced two stablecoin bills aimed at creating clearer regulatory oversight for stablecoin issuers: STABLE Act (House of Representatives) – Focuses on state-level regulation and stricter reserve requirements. GENIUS Act (Senate) – Proposes federal oversight of large issuers and broader reserve asset allowances. JPMorgan analysts led by Nikolaos Panigirtzoglou estimate that under these proposals, only 66% of Tether’s reserves would be STABLE Act compliant, while 83% would meet GENIUS Act standards. According to a published report, these figures indicate a decreasing compliance rate since the mid-24 as Tether’s supply has increased. If both bills become law, Tether, which owns about 60% of the stablecoin market, would be required to rebuild its reserves by shifting more funds into U.S. Treasuries and other liquid assets. The company already faces regulatory scrutiny in Europe due to Markets in Crypto Assets (MiCA) regulations that require major stablecoin issuers to hold 60% of their reserves in EU banks. This led to Tether being delisted from several European exchanges, although its relatively smaller market share in the region mitigated the impact. In contrast, Tether’s presence in the US market is more significant, making compliance with potential new regulations a greater challenge. Analysts suggest these bills could pressure Tether’s dominant position because they mandate high-quality, liquid reserves and require greater transparency and frequent auditing. *This is not investment advice. Continue Reading: JPMorgan Analysts Say Tether (USDT) May Have to Sell Its Bitcoins! Here's Why!

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