Tether may be forced to sell BTC? JPMorgan: CEO swiftly counterattacks in response to new US stablecoin regulations

JPMorgan analysts said that Tether, a U.S. dollar Stable Coin USDT issuance, may need to sell its non-compliant Stable Coin collateralized assets, including BTC, precious metals, company shares and secured loans, in order to comply with the Stable Coin regulations proposed by the United States. (Synopsis: Tether CEO: Don't rule out further business development in the United States, will Trump support USDT?) (Background added: USDT too big to pour?) Wall Street bond trading giant Cantor acquires 5% stake in Tether) According to "The Block" reported yesterday (13), JPMorgan analysts said that the US dollar Stable Coin leader USDT issuance merchant Tether may need to sell its non-compliant Stable Coin collateral assets in order to comply with the Stable Coin regulations proposed by the United States, including BTC, precious metals, Company shares and secured loans, etc. Tether Asset Reserve 66~83% Compliance JPMorgan analysts pointed out that the United States has proposed two Stable Coin bills, namely the Stable Coin Transparency and Accountability Act (STABLE Act) in the House of Representatives and the Senate's Guiding and Building the US Stable Coin National Innovation Act (GENIUS Act) to facilitate the regulation of Stable Coinissuance. These include licensing requirements, Risk Management rules, and 1:1 asset reserve requirements. Under the STABLE Act, only 66% of Tether's asset reserves are subject to Compliance, while under the GENIUS Act, its compliance rate is slightly higher at 83%. Analysts believe that if either bill passes, Tether will need to restructure its reserves and transfer assets to U.S. Treasuries and other assets with stronger liquidity. According to Tether WalletAddress, confirmed by The Block, the company currently holds 83,758 BTC with a total value of more than $8 billion. If it really needs to be sold, I am afraid that it will also bring some selling pressure. Tether CEO responds However, in response to JPMorgan's analysis, Tether CEO Paolo Ardoino was quick to respond that the company had no problem adapting to the new regulations: Even in the most extreme cases, JPMorgan ignored the fact that Tether Group has more than $20 billion in equity in other high-liquidity assets and generates more than $1.2 billion in profits per quarter through U.S. Treasuries. At the same time, he also regurgitated that JPMorgan Chase reported this because they did not buy BTC at a low price, so they became jealous. JPM analysts are salty because they don't own Bitcoin. — Paolo Ardoino (@paoloardoino) February 13, 2025 Related Stories Wall Street Enters BTC Borrowing" Trump Chief Business Officer Inc. Cantor provides tens of billions of magnesium "BTC mortgage loans", his own son once worked for Tether MiCA effect "Tether stopped issuing EURt Euro Stable Coin, Circle founder mends gun: everyone uses EURC Tether to enter the Cryptocurrency venture capital fund, diversified operation into USDT The core strategy behind "Tether may be forced to sell BTC? JPMorgan Chase: With the new regulations of Stable Coin regulation in the United States, the CEO quickly counterattacks" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".