Tether Faces Possible US Market Exit or Compliance Challenges Under New GENIUS Act Regulations

Tether Faces Possible US Market Exit or Compliance Challenges Under New GENIUS Act Regulations

The GENIUS Act introduces stringent transparency and compliance requirements for stablecoin issuers, threatening major players like Tether with potential US market exclusion. Tether faces a pivotal choice: adhere to new

Adoption of Stablecoins Undermine Monetary Trust, Warns BoE

As the adoption of stablecoins slowly takes over, stewardship and proper regulation become a priority to maintain economic harmony. Bank of England (BOE) Governor Andrew Bailey seems to think the same. Bailey has cautioned that the adoption of digital currencies, including stablecoins, could upset the economic applecart if proper regulation isn’t implemented. Per remarks given during his speech at the Andrew Crockett Memorial Lecture on 3 July 2…

Amundi Warns GENIUS Act May Undermine Dollar’s Global Role as Stablecoin Use Expands

The GENIUS Act may lead to a rise in stablecoins which could reduce the long-term strength of the US dollar. Amundi warns that tech firms issuing stablecoins might act like banks and disrupt the financial system. Stablecoin regulation could help tokenized assets grow but might create risks in global currency stability. European asset manager Amundi has raised concerns about the potential consequences. It warned that the act might weaken the doll…