Tether Eyes $1.6 Trillion USDT Supply Boost Amid New US Legislation

Tether is evaluating the USDT supply proposal at $1.6 trillion with the help of the GENUС Act. This new legislation offers clarity in stablecoin regulation, supporting Tether's ambitious goals. Considering the circulation of $160 billion USDT, a tenfold increase could elevate the supply to an astonishing $1.6 trillion. Now, Tether is required to meet American licensing standards, AML procedures, and reserve disclosure for continued access to the US market. While critics have long called for comprehensive, independent reserve audits of Tether, it remains uncertain whether the company can achieve this. Meanwhile, traditional players like MasterCard are entering the stablecoin arena, intensifying competition with Tether’s dominant 73% market share. This marks a new era for digital assets.