Navigating the Regulatory Tide: JPMorgan Warns of U.S. Influence on Tether's Offshore Journey Tether, the titan of stablecoins, finds itself in choppy regulatory waters as authorities worldwide set their sights on increased
transparency and
compliance.
Despite Tether's non-U.S. base, JPMorgan's research report reveals that American regulators can still make waves through the powerful Office of Foreign Assets Control (OFAC).
As new rules loom, JPMorgan's analysts caution that Tether may face "indirect pressure," potentially making other stablecoins with stronger
KYC and
AML credentials more appealing.
While Tether has made some strides in sharing reserve data, JPMorgan remains skeptical, suggesting that these efforts might not be enough to calm concerns.
