Tether issues $3 biillion in USDT despite GENIUS Act pressure
Tether mints $3B USDT amid looming U.S. regulations.
Leading stablecoin issuer Tether has minted $3 billion worth of USDT in just 24 hours.
The surge, which includes a final $1 billion mint this morning, comes at a pivotal moment as the U.S. government advances the GENIUS Act, a sweeping federal framework aimed at tightening regulations on stablecoins, CoinGape informs.
Market analysts speculate that the newly issued USDT may be intended to inject liquidity or support recent Bitcoin price activity, though no official statement has been issued by Tether regarding the purpose of the mint.
Blockchain data from Lookonchain shows that Tether minted an additional 1 billion USDT this morning, pushing the total minted in less than 24 hours to a striking $3 billion.
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GENIUS Act signals major shift for stablecoin issuers
The GENIUS Act, which recently passed a procedural vote in the U.S. House of Representatives, introduces strict requirements for all stablecoin issuers operating within U.S. jurisdiction. Key provisions include:
• Full reserve backing in cash or ultra-safe short-term assets
• Publicly audited financial statements
• Federal licensing and compliance oversight
These new standards directly challenge Tether’s reserve model, which currently includes a mix of Bitcoin, precious metals, and attestations rather than full audits. With $156 billion in USDT circulation, Tether commands roughly two-thirds of the global stablecoin market, and its future U.S. presence could be jeopardized if compliance is not achieved quickly.
The bill may also create regulatory tailwinds for competitors such as Ripple, which is reportedly preparing to launch its own U.S.-compliant stablecoin, RLUSD.
What’s next for Tether and the stablecoin market?
As regulatory pressure mounts, Tether’s response—or lack thereof—could shape the global stablecoin landscape. If the GENIUS Act is enacted into law, non-compliant issuers may be forced to exit the U.S., shifting liquidity toward regulated alternatives.
Market observers are closely watching whether Tether will adapt its reserve policy or if players like Ripple’s RLUSD will seize the opportunity to capture institutional capital in a newly formalized environment.
We also informed Tether rules out IPO despite growing influence and valuation estimates.
