On February 13, COINOTAG reported insights from 21.co Strategy Analyst Tom Wan, revealing that Tether currently possesses 83,700 Bitcoins, valued at around $8 billion. This constitutes approximately 0.4% of the entire Bitcoin supply. In light of prospective U.S. regulatory measures for stablecoins, a JPMorgan analyst indicated that Tether may need to divest certain non-compliant assets, which includes its Bitcoin holdings, precious metals, and various types of corporate debt.
The U.S. Congress is actively considering two significant stablecoin regulations: the STABLE Act in the House and the GENIUS Act in the Senate. These legislative proposals aim to enforce rigorous licensing frameworks and risk management expectations for stablecoin issuers. Under the STABLE Act, it has been suggested that a mere 66% of Tether’s reserves meet compliance, whereas the GENIUS Act sets the standard at 83%, as noted by JPMorgan’s analyst Nikolaos Panigirtzoglou, indicating a worrying trend in Tether’s compliance ratios since mid-2024 amidst rising stablecoin issuance.