S. consumers for the reason that it does not make direct issuances to such firms. The Treasury has sought authority from Congress to go soon after issuers like Tether because of issue that criminals are using dollar-backed tokens to cover their transactions, and it is difficult to forecast how this legislation would impact its means to operate. Th

getty Along with the rise in dialogue and debate all-around stablecoins, which includes the most recent legislation launched by Lummis-Gillibrand Payment Stablecoin-Act, in addition to the history income acquired by Tether Tether in Q1 2024, it had been inevitable that this scrutiny would also unveil statistics and usage that might not be universal