Digital {dollars} are reshaping how corporations take into consideration money, and stablecoin regulation is quick changing into a core situation for company finance leaders.
Stablecoin regulation: from area of interest crypto to treasury speaking level
Stablecoins are digital property engineered to maintain a gradual worth, often pegged to and backed by the U.S. greenback or equal reserves. Because of this, they’re more and more mentioned alongside conventional money devices. Nevertheless, many finance chiefs are nonetheless in exploration mode relatively than execution.
The passage of the GENIUS Act has introduced new regulatory readability to those tokens in the US. That shift has pushed stablecoins from a perceived crypto side-topic into mainstream treasury and company finance conversations, particularly for multinationals that transfer giant volumes of cash throughout borders.
Tether, USDT and the size of its steadiness sheet
An in depth Fortune function, titled “Crypto large Tether has $187 billion in property, huge plans for U.S. enlargement—and a CEO who warns the West is heading towards social collapse,” highlights the size of this market. The article consists of an interview with Paolo Ardoino, CEO of Tether, the crypto agency that generated about $15 billion in revenue in 2025.
In response to that reporting, Tether has collected extra U.S. Treasury payments than some giant economies equivalent to South Korea. Furthermore, it holds notable quantities of Bitcoin and gold. This asset base underpins the companys flagship token, a dollar-backed stablecoin referred to as USDT, which is now deeply woven into international buying and selling and funds flows.
The companys affect is mirrored in the way it has used USDT to assist rewire elements of the worldwide monetary community. That mentioned, this focus additionally raises questions on counterparty publicity and reserves transparency, which stay central themes in ongoing coverage debates.
Tether’s dominant market place
Fortune notes that Tether “dominates the sector, thanks partially to a first-mover benefit that has resulted in USDT changing into the go-to means for thousands and thousands of individuals in growing international locations to carry {dollars}.” This underscores how digital {dollars} have develop into a lifeline in markets dealing with forex instability or capital controls.
USDTs market capitalization stood at $187 billion as of early January, in accordance with CoinMarketCap. Furthermore, its day by day buying and selling quantity exceeds that of all rival stablecoins mixed. That is the case despite the fact that U.S. residents, with restricted exceptions, will not be permitted to make use of Tethers coin below present coverage constraints.
Previously two years, Tether has additionally begun to broaden effectively past finance. The corporate has made giant investments in satellites, information facilities, farming, telecommunications, and media. Nevertheless, these strikes may draw further regulatory and political scrutiny because the agency extends its attain into real-world infrastructure.
What rising scrutiny means for company finance
For chief monetary officers, the Fortune profile affords a lens into how huge stablecoin issuers have gotten systemic gamers. Furthermore, it illustrates why stablecoin regulation is more and more seen as a difficulty intertwined with financial coverage, market construction, and company threat administration.
Company leaders evaluating crypto treasury diversification should weigh potential advantages—equivalent to sooner settlement and 24/7 liquidity—towards operational, compliance, and counterparty dangers. That mentioned, the evolving authorized framework, together with the GENIUS Act, is steadily defining the boundaries inside which giant issuers and institutional customers can function.
Early company experimentation and partnerships
Intuit CFO Sandeep Aujla is one outstanding govt who has mentioned leaning into stablecoins. He has pointed to a partnership with Circle as a part of the companys exploration of recent cost and treasury choices, signaling rising curiosity on this expertise amongst established software program and fintech gamers.
Such initiatives recommend that company stablecoin adoption will probably proceed in levels, beginning with restricted use circumstances the place the economics and controls are clear. Nevertheless, as extra guidelines are finalized and high-profile issuers like Tether proceed to scale, CFOs will face growing stress to know each the strategic alternatives and the attendant dangers.
For now, the message to finance leaders is simple: even when your organization shouldn’t be able to transact in stablecoins, it’s time to monitor the issuers, laws, and market construction shaping this fast-growing nook of digital finance.