Tether Doubles Down: U.S.-Backed Stablecoin Launch Follows Trump’s GENIUS Act Signing
Stablecoin giant Tether just played its Trump card—literally. The company announces plans for a U.S.-issued stablecoin mere days after President Trump signed the controversial GENIUS Act into law. Talk about perfect timing.
Wall Street's gonna hate this one.
The move positions Tether as first out the gate in what's likely to become a regulatory gold rush. While competitors scramble to interpret the new rules, the controversial stablecoin issuer—no stranger to regulatory scrutiny—just secured pole position.
Expect fireworks as traditional finance scrambles to respond. Banks will cry 'systemic risk' while quietly building their own stablecoin teams. The irony? They'll probably hire the same crypto talent they've been pooh-poohing for years.
One thing's certain: the race for dollar-digital dominance just got real. And for once, Washington might actually be ahead of the curve—assuming they don't screw it up.
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Both CEOs were present at the White House signing ceremony, though they did not interact publicly. Their attendance highlights the growing convergence between crypto finance and U.S. policy.
With the GENIUS Act now in effect, stablecoin competition in the U.S. is entering a new era—one shaped by compliance, transparency, and institutional backing.
