JPMorgan analysts believe that Tether will have to sell some of his assets in order to comply with American Stablecoin regulations.
In fact, analysts suggested that Tether sell Bitcoin, precious metals, corporate paper and guaranteed loans. The attachment being the largest company in Stablecoin could find itself in difficulty on the newly introduced regulations.
The stable act establishes stricter reserve standards and allows states to regulate. Meanwhile, the law on engineering requires federal surveillance of major issuers and allows the use of a wider range of reserve assets.
The president of the subcommittee of digital assets, Bryan Steil, commented the new stablecoin regulations and said: “By implementing a clear regulatory structure for the payment stages, we can support continuous innovation, strengthen the position of the US dollar as a global reserve currency and protect consumers and investors. ”
JPMorgan analysts have also said: “American stablecoin regulations requiring more transparency and frequent reserve audits pose additional challenges to be attached.” According to analysts, 34% of Tether’s reserves are non -compliant.
Breaking: JPMorgan predicts that Tether may need to sell $ BTC To comply with the proposed American stablecoin rules.
For reference, Tether is one of the largest BTC buyers in the world, holding nearly 85,000 BTC. If (when) they sell and stop purchases, BTC will easily block well below $ 10,000.
– Jacob King (@jacobkinge) February 13, 2025
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“JPM analysts are salted because they don’t have bitcoin,” said CEO of Tether Paolo Ardoino
Paolo Ardoino, CEO of Tether quickly rejected the suggestion proposed by JPMorgan analysts.
Thanks to an article on X on February 13, 2025, Ardoino criticized the suggestion. He said: “Tether analysts say that JPM does not have enough bitcoin.”
JPM analysts are salted because they do not have Bitcoin.
– Paolo Ardoino
(@paoloardoino) February 13, 2025
(@paoloardoino) In an interview with 99Bitcoins, when Ardoinino asked which percentage of his wallet was Bitcoin and Ethereum, he said that only 0.01 had been allocated to Ethereum. “The rest is Bitcoin,” said Ardoino. “Everything else, Bitcoin.”
Tether analysts say that JPM does not have enough bitcoin
– Paolo Ardoino
This situation may not be ideal for Tether, because Ardodino recently said that the company could consider increasing its presence in the United States. Talk to Bloomberg TV on January 16, 2025,, Ardoino underlined the importance of clarity before making significant movements. “”I cannot exclude the storm to move a little more to an American presence, but we are also do this in a cautious way,,“” he said.
“FOr the moment, we need clarity and regulatory advice. We must see what are the laws look like coming from WEAnd then we will decide. “”
Explore: Tether CEO alludes to the expansion of the American presence in the midst of regulatory uncertainty
Investment in the Zengo portfolio to advance the global adoption of stablescoin
Tether announced a partnership with Zengo Wallet to promote the global adoption of Stablescoin.
On February 11, 2025, Tether published a press release Announce its partnership with Zengo Wallet “to advance secure self-Message solutions and stimulate the global adoption of stablecoins”.
Commenting on collaboration, Ardoino said: “Tether undertakes to provide reliable and secure tools that allow users to take control of their digital assets. Our investment in Zengo reflects this commitment. »»
“Together, we feel the future of how stablecoins are used and adopted,” added Ardoino.
The Zengo portfolio of Israel is presented as a safe portfolio with more than 1.5 million users worldwide. The company has “the protection of digital assets without a single portfolio be hacked, phized or supported”.
“Stablecoins are the cornerstone of an inclusive financial future,” said Oriel Ohayon, co-founder and CEO of Zengo. “We are proud to associate with Tether to make self -sufficiency simple, secure and accessible.”
Explore: CEO of Tether Paolo Ardoino hopes that the positive net of the American elections, says that Bitcoin, the strategic reserve is an excellent idea: 99Bitcoins exclusive
The post office is competing with JPMorgan on Bitcoin’s sales suggestion: Will Tether sell BTC to comply with American Stablecoin regulations? appeared first on 99Bitcoins.
