According to data from CoinMarketCap, Tether has a market capitalization of over $142 billion — making it the largest stablecoin issuer.
Stablecoin issuer Tether is reportedly in talks with Congressional lawmakers in the United States to help craft stablecoin regulatory policies at the federal level.
According to Fox Business reporter Eleanor Terrett, Tether has been working with representatives Bryan Steil, chairman of the House Financial Committee’s Subcommittee on Digital Assets, and French Hill on the STABLE Act introduced by both Congressmen on Feb. 6.
The company also seeks to provide input on two additional stablecoin bills introduced by other lawmakers, Tether CEO Paolo Ardoino told Terrett. The CEO added:
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