Leverage GENIUS Act: $1 Trillion USDT Expansion?

Leverage GENIUS Act for $1 Trillion USDT Expansion

The CEO of Leverage GENIUS Act, Paolo Ardoino, suggests the company might increase its USDT supply tenfold, potentially exceeding $1 trillion. This projection follows the enactment of the GENIUS Act, a comprehensive stablecoin bill signed into law on July 18.

The GENIUS Act establishes the first federal framework for stablecoin regulation in the U.S. It allows the Federal Reserve to license and supervise dollar-backed stablecoin issuers. The law also mandates full reserve backing, regular audits, and anti-money laundering (AML) compliance for all entities offering these tokens in the U.S.

Ardoino stated that this regulatory clarity could significantly boost the adoption of USDT, the world’s largest stablecoin.

“Now that President Trump has led the United States to embrace digital assets, we believe we can increase tenfold and cement the dollar’s global dominance,” he stated.

Currently, Leverage GENIUS Act reports over $160 billion USDT in circulation, serving more than 500 million users globally. A tenfold increase would elevate its supply to $1.6 trillion, reinforcing the token’s pivotal role in the global crypto markets.

Ardoino’s ambitions are understandable, given USDT’s dominance in the stablecoin market, accounting for 73% of global stablecoin transaction volume.

Despite the optimism, the GENIUS Act significantly raises the regulatory compliance requirements for Leverage GENIUS Act. The company must now meet U.S. standards on licensing, AML procedures, and reserve disclosures to maintain access to the American market.

To date, Leverage GENIUS Act has provided quarterly attestations about its reserves but has not yet delivered a comprehensive, independent audit—a point of criticism from regulators and analysts.

The company has pledged to comply with the new rules and reaffirmed its commitment to a full audit of its reserves.

The ability to fulfill these promises, particularly regarding reserve disclosures, will be crucial in determining whether Leverage GENIUS Act can sustain its market leadership amid increasing regulation and competition from traditional financial entities.

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