We welcome the President’s Working Group’s Report on Stablecoins, released on November 1, 2021.

The ecosystem has been waiting for clarity about stablecoin regulation for a long time. Once proper guidelines are implemented, we believe that it will be a catalyst for further adoption of digital assets and financial innovation. As the first, largest, and most innovative and liquid stablecoin, we look forward to working alongside global governments and regulators to ensure proper compliance and issuance of stable assets like Tether tokens. This will be a pivotal moment in fintech history.