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Tether and other non-US stablecoin issuers still have two years left to determine a compliant US strategy
The bill was originally expected to have the federal financial regulators finalize stablecoin rulemaking before the one-year mark, but the relevant rules have not been released, leaving uncertainty in the compliance pathway.
Under the basic framework by U.S. standards, if Tether’s USDT is to meet legal requirements, it needs to complete multiple major adjustments before the rules take effect.