Tether, based in Bitcoin-friendly El Salvador, could struggle to comply with the GENIUS Act, as it backs its USDT stablecoin with assets such as Bitcoin, potentially requiring the liquidation of Bitcoin reserves to meet regulatory requirements.
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Tether, based in Bitcoin-friendly El Salvador, could struggle to comply with the GENIUS Act, as it backs its USDT stablecoin with assets such as Bitcoin, potentially requiring the liquidation of Bitcoin reserves to meet regulatory requirements.