The law demands that stablecoin issuers who want to serve US individuals must be permitted entities holding 1:1 reserves in US dollars or equivalent liquid assets. They need to publish monthly disclosures detailing those reserves. And they must comply with the Bank Secrecy Act, including full anti-money laundering and know-your-customer requirements.

Politics_And_Law

TETHER TO FACE A U.S. BAN BY 2028

hasherstacker

> The law demands that stablecoin issuers who want to serve US individuals must be permitted entities holding 1:1 reserves in US dollars or equivalent liquid assets. They need to publish monthly disclosures detailing those reserves. And they must comply with the Bank Secrecy Act, including full anti-money laundering and know-your-customer requirements.