BiyaPay Analyst: The first stablecoin law case in US history emerges; Tether will ensure USDT compliance

By: theblockbeats.news|2025/07/22 19:32:17
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BlockBeats News, July 22nd, the "GENIUS Act" established the first federal regulatory framework for payment-based stablecoins in the United States, aiming to inject confidence and legitimacy into the $260 billion stablecoin market. The act includes the following key points:

· Asset Backing: Stablecoin issuers must back their stablecoins 1:1 with high-quality liquid assets, compliant assets include US dollars, insured bank deposits, money market funds, etc. USDT does not meet this requirement as its reserves include gold, Bitcoin, and corporate debt.

· Payment Only: The act prohibits paying interest to stablecoin holders, ensuring that stablecoins only serve as digital cash equivalents.

· Transparency and Audit: Issuers must disclose reserve status monthly and undergo audits to ensure market transparency.

· Anti-Money Laundering Measures: The act requires stablecoin issuers to implement strict anti-money laundering (AML) and know-your-customer (KYC) procedures.

· Regulatory Structure: The act empowers regulatory bodies such as the US Treasury to oversee issuers, ensuring compliant operations.

While Circle's USDC may benefit from meeting the 1:1 backing requirement, Tether (USDT) still has various ways to adjust its compliance and continue operating in the US.

BiyaPay analysts state that following the release of the "GENIUS Act," BiyaPay continues to provide you with flexible cross-border transaction services. The platform supports USDT deposits for exchange into US dollars, euros, Hong Kong dollars, Singapore dollars, and more than 30 other fiat currencies, ensuring fast and secure international remittances.

With stablecoin policy changes, BiyaPay empowers you to address market challenges, optimize asset allocation, and steadily move forward.

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