Tether consolidated reserves Q4 2023 (Tether)

U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan

Summary

JPMorgan report states Tether's vulnerability due to US market dependence and pending regulations. Despite being offshore, US regulators can influence Tether through OFAC. Pending stablecoin regulations may diminish Tether's attractiveness, affecting DeFi. Global coordination via FSB will further constrain unregulated stablecoins. Tether's transparency and reserves management are under scrutiny. JPMorgan previously criticized Tether's dominance, which was rebutted by Tether's CEO.

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