Part 13/16:
Legal and Regulatory Developments: Recent legislation, such as the US Stablecoin Innovation Act, grants Tether a clearer regulatory framework, potentially enabling institutions like pensions and banks to use USDT as a settlement tool. However, transparency remains a critical concern—regulators and critics call for full audits and transparent shareholder structures, the absence of which could undermine confidence.
Operational Risks: Maintaining seamless global operations, integrating merchant APIs, and preventing outages pose ongoing challenges. Competition from other stablecoins, like USDC, with more transparent governance, creates further pressure.