Tether, the world’s largest stablecoin issuer by market share, has announced that it will align with the US stablecoin regulation known as the GENIUS Act.
The new regulatory framework will apply to both of Tether’s stablecoin offerings: the widely used USDT and its newer, US.-asset-backed counterpart, USAT.
USDT to Comply with GENIUS Act
Bo Hines, Tether’s US Operations Lead, confirmed the move during a press conference held Tuesday at the Korea Blockchain Week (KBW2025) in Seoul.
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“I believe that both USDT and USAT will meet the same compliance standards outlined in the GENIUS Act,” Hines said at the conference.
BeInCrypto was present at the event, where Hines suggested that compliance with the GENIUS Act positions Tether to work more closely with US financial institutions and regulators going forward.
Tether recently launched a new stablecoin brand, USAT, separate from its well-known USDT. The company stated that it launched USAT in response to the US government’s enactment of the GENIUS Act. This is a comprehensive stablecoin regulation.
Following the launch, Tether appointed Hines, a former Executive Director of the White House’s Digital Asset Advisory Committee, to lead its US operations.
This has led to speculation that USAT is intended for US use, while USDT will remain for the rest of the world. USDT has previously faced regulatory challenges in various countries. For instance, it was effectively expelled from Europe after the MiCA law took effect.
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Author: Paul Kim
