The GENIUS Act has been passed and will soon take effect. We will soon know whether Tether and other stablecoins are truly transparent and trustworthy. In just a short time, everything will be clear, we should not waste time speculating and accusing them without concrete evidence.
By the way, for those who are Trump fans but still skeptical about USDT. During the GENIUS Act signing ceremony, Tether CEO Paolo Ardoino was also invited to attend and was directly mentioned and thanked by Trump. This alone shows that things are not as simple as we think and the importance of Tether to the US in the coming time.
https://x.com/nic__carter/status/1946287396875653500
https://x.com/paoloardoino/status/1946307158515069334
Even Tether CEO is making a statement himself about abiding by the GENIUS act. Only need few more times until all those stablecoins issuer are properly audited and become transparent. By then people can easily distinguish trusted stablecoin and untrustworthy stablecoin just by looking at the audited reserves.By the way, for those who are Trump fans but still skeptical about USDT. During the GENIUS Act signing ceremony, Tether CEO Paolo Ardoino was also invited to attend and was directly mentioned and thanked by Trump. This alone shows that things are not as simple as we think and the importance of Tether to the US in the coming time.
https://x.com/nic__carter/status/1946287396875653500
https://x.com/paoloardoino/status/1946307158515069334
Shouldn't be much of a deal if the solution is already coming up and imminent. There will finally be closure to these floating rumors and allegations.