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🚨 Tether's $184B USDT could face delisting from U.S. exchanges by 2028.
Under the proposed GENIUS Act, stablecoin issuers would be required to hold reserves primarily in cash and U.S. Treasuries.
Currently, around 25% of USDT's reserves are allocated to assets such as Bitcoin, precious metals, and lending.
Tether has stated that it intends to comply with the new rules.
The GENIUS Act could reshape the future of stablecoins in the U.S. 👀
#USDT #Tether #Stablecoins #Crypto #GENIUSAct #Bitcoin #Regulation