Standard & Poor's Global Ratings suggests that if the latest stablecoin bill proposed by the US Senate is passed, it may encourage banks to enter the stablecoin market. In such a scenario, Tether could potentially decline. Standard & Poor's Global Ratings states that if the new legislation is passed, it will impose a maximum issuance limit of $10 billion for entities without a banking license, thereby providing a competitive advantage for banks. (THE BLOCK)

USDT

Standard & Poor's Global Ratings suggests that if the latest stablecoin bill proposed by the US Senate is passed, it may encourage banks to enter the stablecoin market. In such a scenario, Tether could potentially decline. Standard & Poor's Global Ratings states that if the new legislation is approved, it will impose a maximum issuance limit of $10 billion for entities without a banking license, thereby providing a competitive advantage for banks. (The Block)

S&P Global Forecast: Passage of Stablecoin Bill Could Lead to TETHER's Decline