TLDR
- Tether CEO Paolo Ardoino is actively collaborating with US lawmakers to help shape upcoming stablecoin regulations, expressing willingness to adapt to new laws
- Multiple stablecoin bills have been introduced in February 2025, including the STABLE Act by Representatives Steil and Hill
- Under proposed regulations, Tether would need monthly US audits and maintain pre-approved 1:1 reserve ratios
- Tether currently maintains a transparency page showing $143 billion in assets and $136 billion in liabilities as of December 2024
- The company plans to participate in discussions about all field proposals to ensure their perspective is considered
The chief executive of the world’s largest stablecoin issuer, Tether, has begun working with US lawmakers to help shape upcoming cryptocurrency regulations. Paolo Ardoino confirmed his company’s involvement in discussions surrounding several new stablecoin bills introduced in Congress this month.
In February 2025, Representatives Bryan Steil and French Hill unveiled a discussion draft of the STABLE Act of 2025. This proposed legislation aims to create clear rules for how dollar-pegged cryptocurrencies can operate within the United States.
The STABLE Act represents just one of several legislative efforts currently under consideration. Representative Maxine Waters and Senator Bill Hagerty have also put forward their own stablecoin bills this month, showing increasing legislative attention to this sector of the cryptocurrency market.
Ardoino expressed Tether’s commitment to working within whatever regulatory framework emerges. “We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” he stated on social media platform X.
The CEO emphasized that Tether has no intention of abandoning the US market due to regulatory challenges. Instead, the company plans to adapt to new requirements while actively participating in the legislative process.
Regulatory Requirements and Compliance
According to Fox Business journalist Eleanor Terrett, Tether is already engaging in discussions about the STABLE Act’s draft version. This early involvement suggests the company’s proactive approach to upcoming regulations.
The proposed legislation would require stablecoin issuers like Tether to undergo regular oversight. This includes monthly audits conducted by US accounting firms to verify their financial status and operations.
🚨NEW from me: Offshore stablecoin giant @Tether_to is working with U.S. lawmakers to influence how these fiat-backed currencies are regulated in the U.S.
The issuer of the world’s largest stablecoin $USDT has been a controversial figure in U.S. crypto policy circles due to an…
— Eleanor Terrett (@EleanorTerrett) February 14, 2025
Another key requirement in the proposed regulations would mandate stablecoin issuers to maintain a strict 1:1 ratio between their reserves and assets. These reserves would need to consist of assets that receive prior approval from regulators.
Tether has already taken steps toward transparency in its operations. The company maintains a dedicated webpage that provides daily updates on its reserve assets and financial position.
As of December 2024, this transparency page showed Tether holding $143 billion in net assets against $136 billion in total liabilities. These figures demonstrate the company’s current reserve position as discussions about new regulations continue.
The introduction of these bills marks an important step in creating clear rules for stablecoin operations in the United States. The legislation aims to establish standards for how companies like Tether can legally issue and manage dollar-pegged cryptocurrencies.
Ardoino acknowledged that uncertainty remains about the final form these regulations will take. “There is still a lot of uncertainty over what’s actually going to happen,” he noted, emphasizing the importance of Tether’s participation in the legislative process.
This move toward regulatory engagement represents a shift in how major cryptocurrency companies interact with US authorities. Tether’s willingness to work with lawmakers could influence how other stablecoin issuers approach future regulations.
The various bills under consideration reflect growing attention from Congress toward establishing clear rules for the stablecoin sector. This increased focus comes as stablecoins continue to play an important role in cryptocurrency markets.
Tether’s active participation in these discussions shows the company’s commitment to maintaining its operations in the US market while adapting to new regulatory requirements.
