Odaily News Fox Business reporter Eleanor Terrett posted on X platform that Tether is working with US lawmakers to influence the way the US regulates fiat currencies. Previously, as the issuer of the world's largest stablecoin USDT, Tether has been controversial for its alleged lack of transparency. Critics say the company has never been fully audited, but instead chooses to have quarterly financial book assessments provided by accounting firm BDO. As Congress works to establish a regulatory framework for stablecoins in the United States, Tether CEO Paolo Ardoino said the company is actively communicating with lawmakers to promote relevant bills and is committed to complying with the laws that are ultimately passed.

The House and Senate are pushing for the bill to be signed into law by President Trump in April. If passed, Tether will be required to undergo monthly audits by a U.S. accounting firm and maintain a one-to-one reserve with regulatory-approved assets.