Tether, the largest stablecoin issuer, is aiming to strengthen its presence in the US. With a market value of around $142 billion, the company is collaborating with US lawmakers to create a transparent framework for stablecoin regulations. This collaboration comes at a crucial time as the US House of Representatives and Senate have proposed three new bills to increase oversight on stablecoins, potentially impacting the future of the digital currency market. Tether’s CEO, Paolo Ardoino, has confirmed the company’s support for crafting strong and effective legal frameworks with lawmakers. Tether seeks to ensure its voice is heard in the regulatory process, advocating for specific laws to support market stability and protect companies active in this sector.
