Bitcoin Magazine
Tether Is Buying Bitcoin’s Revolution, How Devastating Will The Consequences Be?
At a Glance
The GENIUS Act in the U.S. gave private stablecoin issuers a legal framework while stalling a government issued CBDC.
Tether, issuer of USDT, earned record profits and became one of the largest private holders of U.S. Treasuries.
The company’s cooperation with regulators and law-enforcement shows how stablecoins function as compliance rails, not as alternatives to them.
Many Bitcoin advocates now align with Tether’s ecosystem, unintentionally helping extend the fiat system they claim to resist.
Bitcoin’s Quiet Compromise
When the GENIUS Act became law on 18 July 2025, the crypto industry celebrated it as the end of regulatory uncertainty. The Act requires licensed stablecoin issuers to hold liquid reserves such as cash and U.S. Treasuries, publish monthly disclosures, and submit to federal or state supervision. At the same time, Congress shelved a feder
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