Catenaa, Wednesday February 19, 2025 – Paolo Ardoino, CEO of Tether, the issuer of the USDT stablecoin, is actively working with US lawmakers to shape forthcoming legislation for dollar-pegged crypto assets, according to reports.
Ardoino confirmed Tether’s commitment to engaging with US authorities on the development of stablecoin regulations. Speaking on social media, he stated that while Tether plans to advise on the proposed laws, the firm is prepared to comply with any new regulations. “We are not going to just throw in the towel and let Tether die… we are going to try to advise on every single one of these proposals,” he said.
The remarks come as US lawmakers move forward with stablecoin legislation, with the STABLE Act of 2025 recently unveiled by Representatives Bryan Steil and French Hill. The bill seeks to establish clear rules for the issuance and operation of stablecoins in the US , and Tether is reportedly engaged in the discussions surrounding the draft. Other stablecoin-related bills have also been introduced this month by Representative Maxine Waters and Senator Bill Hagerty.
For Tether, compliance with the bills would mean submitting to monthly audits by a US accounting firm and ensuring a 1:1 reserve-to-asset ratio, which regulators would pre-approve. Tether’s transparency page already updates daily data on its reserve assets, showing $143 billion in net assets as of December 2024.
