JPMORGAN analysts believe that Tether will have to sell some of his activities in order to comply with US Stablecoin regulations.
In fact, analysts have suggested that the bond sells bitcoins, precious metals, company paper and guaranteed loans. Tether being the largest Stablecoin company could be in trouble for the rules just introduced.
The stable act establishes the most rigorous reserve standards and allows states to regulate. In the meantime, the Genius Act requires the federal supervision of large broadcasters and allows the use of a wider range of reserve activities.
Bryan Steil, president of the underliest of digital resources, commented on the new Stablecoin regulations and said: “By implementing a clear regulatory structure for the payment of Stablecoins, we can support continuous innovation, strengthen the position of the US dollar as a reserve currency of the world and protect consumers and investors “.
JPMORGAN analysts have also affirmed: “Us Stablecoin regulations that require greater transparency and frequent reserve audit place further challenges for the bond”. According to analysts, 34% of Tether’s reserves would not comply.
Breaking: JPMORGAN provides that the tether might need to sell $ BTC To respect the rules of Stablecoin USA proposed.
For reference, Tether is one of BTC’s largest buyers in the world, with almost 85,000 BTC. If (when) they sell and stop purchases, BTC will take off a lot below $ 10k.
– Jacob King (@jacobkinx) February 13, 2025
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“JPM analysts are salty because they don’t have Bitcoin,” says Paolo Aroino, CEO of Tether
Paolo Ardoino, CEO of Tether quickly rejected the suggestion offered by JPMorgan analysts.
Through a post on X on February 13, 2025, Aroino slammed the suggestion. He said: “Tether’s analysts say that JPM does not have quite Bitcoin.”
JPM analysts are salty because they don’t have Bitcoin.
– Paolo Ardoino
(@paoloardoino) February 13, 2025
In an interview with 99 bitcoins, when Aroino was asked which percentage of his wallet was Bitcoin and Ethereum, he said that only 0.01 was assigned to Ethereum. “The rest is Bitcoin,” Ardoino said. “Everything else, Bitcoin.”
Tether analysts say JPM does not have quite bitcoin
– Paolo Ardoino
This situation may not be ideal for Tether, since Ardoino recently indicated that the company could consider the increase in its presence in the United States. Talking to Bloomberg TV on January 16, 2025, Ardain He underlined the importance of clarity before making significant moves. “I cannot exclude the tether that moves a little more towards an American presence, but we are too making it cautiously,” He said.
“FOr at the moment, we need clarity and regulatory guide. We have to see what the laws are watch How to come from USAnd then we will decide. “
Explore: Tether’s CEO suggests expanding the US presence between regulatory uncertainty
Investment in the Zengo wallet to advance the global adoption of Stablecoin
Tether has announced the collaboration with Zengo Wallet to promote the global adoption of Stablecoin.
On February 11, 2025, Tether issued a press release By announcing his partnership with Zengo Wallet “to advance the solutions of safe self -cleaning and guide the global adoption of Stablecoin”.
Commenting on the collaboration, Aroino said: “The Tether undertakes to provide reliable and safe tools that allow users to take control of their digital resources. Our investment in Zengo reflects this commitment. “
“Together, we are modeling the future of how Stablecoins are used and adopted,” added Ardoino.
Israel’s Zengo wallet is propagated to be a safe wallet with over 1.5 million users all over the world. The company boasts “protect digital resources without a single portfolio being violated, phishing or taking control”.
“Stablecoins are the cornerstone of an inclusive financial future,” said Ouriel Ohayon, co-founder and CEO of Zengo. “We are proud to collaborate with Tether to make self -possessing simple, safe and accessible.”
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