JPMorgan: Tether may need to sell Bitcoin to comply with proposed U.S. stablecoin regulations

ChainCatcher news, JPMorgan analysts say that in order to comply with the proposed U.S. stablecoin regulations, Tether may need to sell some non-compliant assets------including Bitcoin, precious metals, corporate notes, and secured loans.

The U.S. has proposed two stablecoin bills: the House's "Stablecoin Transparency and Accountability Act" (STABLE Act) and the Senate's "U.S. Stablecoin Innovation and Establishment Act" (GENIUS Act), aimed at regulating stablecoin issuers through licensing requirements, risk management rules, and 1:1 reserve backing.

According to the House's STABLE Act, Tether has only 66% of its reserves compliant, while under the Senate's GENIUS Act, the compliant reserve ratio is 83%.