Tether, the issuer of USDT, plans to become the largest Bitcoin miner globally by the end of 2025 to protect its BTC reserves amid regulatory challenges.
The newly passed GENIUS Act in the U.S. is pressuring Tether to comply with regulations or consider exiting the market by introducing a U.S.-based stablecoin.
CEO Paolo Ardoino revealed Tether's substantial investments in Bitcoin mining and other sectors to safeguard its balance sheet and mitigate risks.
Tether faces strategic decisions regarding compliance with regulatory demands under the GENIUS Act or potentially withdrawing from the U.S. market while competitors await opportunities.