Crypto Rules Crackdown Looms for $150 Billion Stablecoin Market

Lawmakers in the US, the EU, the UK, Japan and others are considering rules that would overhaul the $150 billion sector.

Several of these proposed restrictions are intended to bring issuers of the tokens -- which are cryptoassets designed to keep a one-to-one peg with a less volatile currency like the US dollar -- under the same financial regimes as payment providers.

Tether is the most preferred option among stable coins.

I think Tether will be fine to coexist with CBDC and all these regulations.

Tether is more and more used by simple people and accepted by some big companies as a payment.

Circle does not conduct audit, and most likely usdc will soon collapse, just like other shitcoins

The popularity of Tether is not something surprising, it was inevitable.

Tether has always had high circulation, unlike Circle.

Tether is the most traded one. USDC with only $6B trading volume is totally not.

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Source: CoinDesk - 🏆 291. / 63 Read more »