logo

BiyaPay Analyst: The first stablecoin law case in US history emerges; Tether will ensure USDT compliance

By: theblockbeats.news|2025/07/22 19:32:17
0
Share
copy
BTCBTC
--
moneymoney
unitedunited
stablecoinadastablecoinada

BlockBeats News, July 22nd, the "GENIUS Act" established the first federal regulatory framework for payment-based stablecoins in the United States, aiming to inject confidence and legitimacy into the $260 billion stablecoin market. The act includes the following key points:

· Asset Backing: Stablecoin issuers must back their stablecoins 1:1 with high-quality liquid assets, compliant assets include US dollars, insured bank deposits, money market funds, etc. USDT does not meet this requirement as its reserves include gold, Bitcoin, and corporate debt.

· Payment Only: The act prohibits paying interest to stablecoin holders, ensuring that stablecoins only serve as digital cash equivalents.

· Transparency and Audit: Issuers must disclose reserve status monthly and undergo audits to ensure market transparency.

· Anti-Money Laundering Measures: The act requires stablecoin issuers to implement strict anti-money laundering (AML) and know-your-customer (KYC) procedures.

· Regulatory Structure: The act empowers regulatory bodies such as the US Treasury to oversee issuers, ensuring compliant operations.

While Circle's USDC may benefit from meeting the 1:1 backing requirement, Tether (USDT) still has various ways to adjust its compliance and continue operating in the US.

BiyaPay analysts state that following the release of the "GENIUS Act," BiyaPay continues to provide you with flexible cross-border transaction services. The platform supports USDT deposits for exchange into US dollars, euros, Hong Kong dollars, Singapore dollars, and more than 30 other fiat currencies, ensuring fast and secure international remittances.

With stablecoin policy changes, BiyaPay empowers you to address market challenges, optimize asset allocation, and steadily move forward.

-- Price

--

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

00:42

The Humanity Foundation announced adjustments to the H token vesting plan and set a deadline, with some institutions publicly disclosing their choice to unlock at a discount immediately

The Humanity Foundation has recently made significant adjustments to the $H token allocation plan, requiring investors to make a final choice between two options by April 26 at 09:00 UTC: one, extend the distribution, pushing the Cliff to September 25, 2026, and changing to equal distribution over 1...
APEAPE
--
STRKSTRK
--
00:42

The S&P 500 and Nasdaq 100 indices hit intraday highs, with gains widening

According to Jinshi reports, the S&P 500 and Nasdaq 100 indices quickly expanded their gains, reaching new intraday highs.
00:42

Google plans to invest up to $40 billion in Anthropic

Market news: Google plans to invest up to $40 billion in Anthropic.
00:42

The Balancer attacker exchanged 13,191 ETH for 386 BTC

According to Onchain Lens monitoring, the Balancer attacker (0xa6d6...BDaA) has exchanged 13,191 ETH for 386.52 BTC in the past 15 hours, worth 30.54 million dollars. The attacker currently still holds 8,000 ETH, worth 18.52 million dollars.
00:42

Data: The current 8-hour average funding rate for BTC across the entire network is -0.0018%

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0018%. Among the current mainstream exchanges, the rate on Binance is -0.0032%, OKX is -0.0019%, Bybit is -0.0041%, and Gate is -0.0041%.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com