Tether issues USDT, the largest dollar-pegged stablecoin, placing its business directly under the regulatory oversight established by the GENIUS Act

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.