CryptoBeaver

Tether’s (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The stablecoin is vulnerable due to its dependence on the American market and pending regulations. Despite Tether’s headquarters not being based in the U.S., regulators can exert influence over its offshore usage through the Office of Foreign Assets Control (OFAC), JPMorgan (JPM) said in a research report Thursday. 

Tether, the company issuer of the first and most widely used $USDT stablecoin, has announced its plans to launch Tether Gold (XAU₮) and Euro Tether (EUR₮) on Huobi on 8 December, 2022. After the launch, Huobi's users will get access to the stablecoin that represents ownership of physical gold and the Euro-pegged stablecoin.