The GENIUS Act, which establishes a federal framework for stablecoins in the United States, has passed its first anniversary while regulators have missed deadlines to finalize implementing rules, though full enforcement is set for July 2028. This timeline creates a two-year countdown that could force offshore stablecoin issuers like Tether to comply with U.S. standards or lose access to domestic crypto platforms. Tether's USDT, the largest stablecoin by market capitalization, faces particular scrutiny because it operates outside U.S. jurisdiction. Under the law, exchanges and platforms may eventually be prohibited from listing stablecoins that do not meet the new regulatory requirements. The delay in rulemaking adds uncertainty for issuers and trading venues seeking to prepare for compliance. How Tether responds to these evolving standards will shape its ability to maintain its dominant position among American users.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.