Emre Yumlu 
With the latest update of the bill known as the “Genius Stablecoin Act: UNCHAINED,” Tether has come under U.S. jurisdiction regardless of where it is headquartered. Announced on May 9, 2025, this development marks a new chapter in global stablecoin regulation.
Direct Oversight of Tether by the U.S.
Under the new regulation, all of Tether’s operations must comply with U.S. financial laws. This may lead to significant changes in the company’s legal and operational framework. In particular, Tether is expected to act in accordance with U.S. rules regarding transparency and regulatory compliance.
Experts emphasize that this legal step could affect not only Tether but also other stablecoin projects operating in a similar structure. Through this move, the U.S. aims to gain greater control over the crypto asset market.
Mixed Reactions from the Market
The crypto community remains divided on the regulation. Some see it as a stabilizing and trust-building step for the market, while others view it as an intervention in market freedom. A well-known industry analyst stated, “This decision could fundamentally reshape the role of stablecoins in the financial system.”
USDT Maintains Stable Performance
As of May 10, 2025, Tether (USDT) continues to hold its peg at $1.00. Its total market cap stands at $149.73 billion, with a 24-hour trading volume of $116.57 billion. Recent data shows a 0.01% increase in price over 24 hours and a 0.03% decline over the week.
Although the long-term effects of the new legislation are yet to be determined, it’s now clear that the stablecoin market will be under tighter regulatory scrutiny.
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