Marvelous Tether! Will it Balloon to $1.6 Trillion or Pop Like a Soap Bubble? 💸🎭

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Ah, dear readers! The illustrious Tether and its noble chieftain, Paolo Ardoino, declare a most ambitious dream—a tenfold increase of USDT supply that might just waltz past the $1 trillion mark! 🎉

This grand proclamation comes hot on the heels of the GENIUS Act, a most grandiose measure signed into law by none other than President Donald Trump on the 18th of July. It seems our great leader fancies himself a patron of digital coinage! 🪙

Oh la la! Tether Sets Its Sights on a Dazzling $1.6 Trillion USDT After GENIUS Act Approval!

This legislation, dear friends, is the very first federal scheme for the regulation of stablecoins here in the US. It bestows splendid power upon the Federal Reserve to license and supervise those daring souls dishing out dollar-backed stablecoins.

But wait—there’s more! Full reserve backing, regular audits, and anti-money laundering measures are now de rigueur for those who wish to dance with these tokens in the realm of America! 💃

“Now that our great Trump has wooed the United States to embrace digital assets, we can soar tenfold and solidify the dollar’s supremacy!” quoth Ardoino, with much gusto. 🦅

Currently, Tether enjoys a majestic circulation of over $160 billion USDT, charming more than 500 million users across the globe. A tenfold leap would place it at a staggering $1.6 trillion, solidifying its royal status in the chaotic world of crypto! 🌍

Ardoino’s ambitions are but fitting, as USDT reigns supreme among stablecoins, boasting a whopping 73% of the global stablecoin transaction volume! Quite the feat, wouldn’t you say? 📊

However, amidst this jubilation, the GENIUS Act raises the bar for Tether’s compliance, as if it were a contestant in a delicate ballet! 🩰

From its picturesque haven in El Salvador, Tether must now adhere to American standards of licensing, anti-money laundering protocols, and transparency on reserves. A small price to pay to maintain its golden ticket to the American market!

Until this point, Tether has graced us with mere quarterly attestations of its reserves, leaving much to the imagination, as a magician might do! Alas, the critics have long clamored for a thorough, independent audit. 🎩✨

Despite the whispers of doubt, our gallant company pledges to comply with these new edicts, vowing to undergo a full audit of its reserves. Can they deliver? Stay tuned, dear viewers, for this may determine whether Tether can hold its crown in an ever-watchful market, teeming with concern from the likes of MasterCard! 🎭💼

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2025-07-20 02:31