JPMorgan analysts believe that Tether will have to sell some of their assets to comply with the US regulations.
In fact, analysts suggested that Tether Sold Bitcoin, precious metals, corporate paper and insured loans. Tether is the largest Stablecoin company could be in trouble with the newly introduced regulations.
The stable act establishes more strict reserve standards and allows states to regulate. Meanwhile, the Genius law requires the federal supervision of large emitters and allows the use of a broader range of reserve assets.
The president of the Digital Assets Subcommittee, Bryan Steil, commented on the new Stablecoin regulations and said: “By implementing a clear regulatory structure for the payment, we can support continuous innovation, reinforce the position of the US dollar as the currency of world reserve and protect consumers and investors. “
JPMorgan analysts also said: “Stablcoin regulations of the United States that require more transparency and frequent reserve audits pose additional challenges to connection.” According to analysts, 34% of Tether’s reserves would not be satisfied.
Breaking: JPMorgan predicts that Tether may need to sell $ BTC To comply with the proposals of Stablcoin from the United States.
As a reference, Tether is one of the largest BTC buyers in the world, with almost 85,000 BTC. If (when) they sell and stop shopping, BTC will easily bloc below $ 10K again.
– Jacob King (@jacobkinge) February 13, 2025
Explore: Tether’s USDT will be eliminated at Crypto.com, another nine tokens at risk
“JPM analysts are salty because they do not have Bitcoin,” says the CEO of Tether, Paolo Ardoino,
Paolo Ardoino, CEO of Tether, quickly rejected the suggestion offered by JPMorgan analysts.
Through a publication on X on February 13, 2025, Ardoino criticized the suggestion. He said: “Tether analysts say JPM doesn’t have enough bitcoin.”
JPM analysts are salty because they do not have Bitcoin.
– Paolo Ardoino
(@Paworn a February 13, 2025
In an interview with 99Bitcoins, when Ardoino was asked what percentage of his portfolio was Bitcoin and Ethereum, he said that only 0.01 were assigned to Ethereum. “The rest is Bitcoin,” Ardoino had said. “Everything else, Bitcoin.”
Tether analysts say JPM does not have enough bitcoin
– Paolo Ardoino
This situation may not be ideal for Tether, since Ardoino recently indicated that the company may consider increasing its presence in the United States. Talking with Bloomberg TV on January 16, 2025, Ardoino He emphasized the importance of clarity before making significant movements. “I cannot exclude that the connection moves a little more towards a presence in the United States, but we are also Doing that in a cautious way,” said.
“FOr the moment, we need clarity and regulatory orientation. We need to see what the laws are looking how to come from USAnd then we will decide. “
Explore: Tether Ceo suggests expanding the presence of the United States in the midst of regulatory uncertainty
Investment in the Zengo wallet to advance in the global adoption of Stablecoin
Tether has announced to associate with Zengo Wallet to promote the global adoption of Stablecoin.
On February 11, 2025, Tether issued a Press release Announcing his association with Zengo Wallet “to advance in the safe solutions of Autocustody and promote the global adoption of Stablcoins.”
When commenting on collaboration, Ardoino said: “Tether undertakes to offer reliable and safe tools that allow users to take control of their digital assets. Our investment in Zengo reflects that commitment. “
“Together, we are shaping the future of how the stables are used and adopted,” Ardoino added.
Israel’s Zengoel wallet is promoted as a safe wallet with more than 1.5 million users worldwide. The company has “protecting digital assets without a single wallet being pirate, driven or taken.”
“Stablecoins is the cornerstone of an inclusive financial future,” said Ouriel Ohayon, co -founder and CEO of Zengo. “We are proud to associate with Tel to make self -ocustody simple, safe and accessible.”
Explore: The CEO of Tether, Paolo Ardoino, wait for the net positive of US elections, says that Bitcoin Strategic Reserve is a great idea: 99 exclusive bitcoins
Post Tether faces JPMorgan about Bitcoin’s sale suggestion: Will Tether BTC sell to comply with the US regulations. UU. Stablecoin? It appeared first in 99bitcoins.
