GuShiio.com GuShiio.com learned that Fox Business reporter Eleanor Terrett tweeted that Tether is working with U.S. lawmakers to promote the regulation of fiat currencies to support stablecoins. As the issuer of the world’s largest stablecoin USDT, Tether has been controversial for not conducting a comprehensive audit and usually only provides quarterly financial assessments of BDO. As the U.S. Congress drafts a regulatory framework for stablecoins, Tether CEO Paolo Ardoino said the company is actively communicating with lawmakers to promote relevant bills and is committed to complying with the final law. The bill is expected to be signed into law by President Trump as early as April. If approved, Tether will be subject to monthly audits by a U.S. accounting firm and maintain a one-to-one reserve of assets approved by regulators.
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