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Tether regulatory legitimacy push

Tether is aggressively pursuing US regulatory legitimacy through lobbying, GENIUS Act compliance, and full reserve audits.

4 entriesThu, Jul 23 – Fri, Aug 14Institutional Transition

Timeline

  1. Fri, Aug 14LatestVerified · 14 Aug 2026

    Tether Passes Its First Real Audit

    Tether announced that KPMG completed the first full audit of its financials — the long-promised Big Four review, covering its 2025 statements including gold holdings — and issued what the company described as a clean opinion, per CoinDesk and Bloomberg Law. USDT's circulation stands near $180 billion. Tether did not release the underlying financial statements alongside the announcement, and the opinion's details remain the company's characterization.

  2. Thu, Jul 30Verified · 30 Jul 2026

    Tether USAT Debuts on Celo

    Tether's USAT — the US-market stablecoin issued by Anchorage Digital to comply with the GENIUS Act — went live on Celo, an Ethereum layer-2, its second network since launching on Ethereum mainnet in January. The deployment includes native minting and burning, and Celo's fee system lets users pay transaction costs in USAT itself. USAT's market cap stands near $185 million, against USDT's roughly $180 billion.

  3. Sat, Jul 25Unverified — not yet reviewed

    Tether Lobbying Scrutinized Ahead of GENIUS Act as $39 Trillion Debt Backstop Role Examined

    Bloomberg published an investigation examining Tether's lobbying efforts ahead of the GENIUS Act stablecoin legislation, adding further reporting to previously documented allegations that Tether shaped the bill's drafting through Commerce Secretary Howard Lutnick and Bo Hines. Separately, reporting examined America's approximately $39 trillion debt situation and framed Tether as an unlikely new backstop, raising questions about the stablecoin issuer's systemic role.

  4. Thu, Jul 23Unverified — not yet reviewed

    Tether Influence on US Crypto Law

    A court filing and related reporting allege that Tether benefited from and influenced the drafting of the first US crypto law through Commerce Secretary Howard Lutnick and Bo Hines, raising documented concerns about the integrity of stablecoin regulatory rail legislation.