Tether May Sell Bitcoin to Comply with US Stablecoin Laws
Tether, the world’s top stablecoin issuer, could soon face pressure to sell billions in Bitcoin and other assets to comply with stricter U.S. stablecoin regulations, according to a recent JPMorgan analysis. Tether currently holds around 83,758 Bitcoin, valued at over $8 billion, along with other investments such as precious metals, corporate debt, and collateralized loans….