Tether has minted a significant 160 billion USDT tokens, solidifying its place in the crypto market. The proposed GENIUS Act could necessitate third-party audits of Tether’s reserves, potentially disrupting its U.S. Operations.
Despite Tether’s claims of holding substantial reserves, including an 8 billion USD gold stockpile, experts caution that fluctuations in the Bitcoin market could jeopardize Tether’s future and the broader financial landscape.
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