The rope to take advantage of the genius law in exchange for an awareness of 1 trillion USD star-news.press/wp

Tether Paolo Ardoino CEO says the company can grow ten times USDT, and may exceed $ 1 trillion.

His comments follow the passage of the genius law, a comprehensive draft law from Stablecoin signed in President Donald Trump’s law on July 18.

Tether Eyes 1.6 trillion US dollars after the approval of the Genius Act

Legislation is the first federal framework to organize Stablecoin in the United States. It allows the Federal Reserve to license the dollar -backed STABLECOIN exporters.

It also imposes full reserve support, regular reviews, and a compliance to combat money laundering (AML) for all entities that offer these symbols in the United States.

In a statement, Erdino said the organizational clarity could open a new level of Usdt adoption, the largest Stablecoin in the world.

“Now that President Trump led the United States to embrace digital assets, we believe that we can increase ten times and install the global domination of the dollar,” I mentioned.

Tether reports currently more than $ 160 billion has traded over more than 500 million worldwide users. It will increase the number of ten times to $ 1.6 trillion, a teacher that would increase the role of the distinctive symbol in the global encryption markets.

Erdino’s goals are not surprising given the USDT are the dominant stablecooin in the market. According to the available market data, digital assets currently account for 73 % of the size of the global Stablecoin transactions.

Meanwhile, despite optimism, the genius law greatly raises the organizational compliance tape.

Under the new law, Tether, which works from El Salvador, must fulfill our criteria on licensing, AML procedures and reserve disclosure. These requirements are necessary for the company to maintain access to the American market.

To date, Tether has only published a quarterly lusts about its reserves. However, it has not yet provided a comprehensive and independent review – a long deletion criticized by the organizers and analysts.

Indeed, the company pledged to comply with the new rules and repeated its commitment to undergo a full review of its reserves.

However, the company’s ability to fulfill these promises – especially with regard to spare disclosure – will be decisive.

It is possible that Tether can maintain its leadership in an increasingly organized market that arouses attention from traditional financial giants such as MasterCard.