Tether and JPMorgan Clash Over Bitcoin Sale: Will Tether Comply with US Stablecoin Regulations?

JPMorgan analysts believe that Tether, the largest stablecoin company, may need to sell some of its assets including Bitcoin, precious metals, corporate paper, and secured loans to comply with new US stablecoin regulations. The regulations include stricter reserve standards and federal oversight of large issuers. Tether’s CEO Paolo Ardoino rejected the suggestion by JPMorgan analysts and emphasized the importance of regulatory clarity before making any significant moves. Tether has also announced a partnership with Zengo Wallet to promote global stablecoin adoption. Israel’s Zengo Wallet is known for its secure self-custody solutions and will work with Tether to shape the future of stablecoin usage worldwide.