Title: The Future of Stablecoins in the Face of Regulatory Challenges
Stablecoins, such as Tether’s USDT, have become integral to the cryptocurrency market, offering stability by pegging their value to traditional assets like the U.S. dollar. However, recent regulatory scrutiny in the United States poses a significant challenge to the dominance of stablecoins like Tether. With the introduction of the GENIUS Act, the U.S. government is…