The GENIUS Act was signed into U.S. law on July 18, 2025, and it includes a three‑year transition period after enactment before U.S. digital asset service providers are generally barred from offering payment stablecoins that are not issued by a "permitted payment stablecoin issuer"; foreign issuers can continue if they meet certain conditions to comply with U.S. lawful orders and reciprocal arrangements, rather than being strictly forced to redomicile onshore. 【1view0【【2view0【【3view0【 That three‑year window runs until July 18, 2028, which is still in the future as of November 30, 2025, so the time horizon of the prediction has not elapsed. 【1view0【【0news16】

Empirically, since passage of the GENIUS Act, Tether has announced plans to: (a) use the law’s foreign‑issuer pathway to make USDT available in the United States while remaining an offshore issuer, and (b) launch a separate, U.S.-based compliant stablecoin (variously reported as USAT/USA₮) issued through Anchorage Digital Bank under U.S. regulation. 【4search0【【4search8【【4news12【【4news13【 These steps do not yet amount to fully relocating Tether’s existing offshore stablecoin operations onshore, but because the statutory three‑year deadline has not arrived, it is still possible (though not guaranteed) that Tether and similar issuers could restructure to satisfy the prediction by 2028. Given the open time window and ongoing strategic moves, the prediction cannot currently be judged true or false.