Tether Faces US Government Scrutiny in 19 Separate Cases
Tether CEO Paolo Ardoino stated, “There is no indication that Tether is under investigation.”
The U.S. government is investigating Tether, the world’s largest stablecoin, over concerns it may be linked to illegal activities yet again. This is not the first time Tether is locking horns with the US government, this is 19th time.
On Friday, the Wall Street Journal reported that senior officials from the Manhattan U.S. Attorney’s office are probing whether Tether has been used by others to fund illegal activities. Tether, which operates under the ticker USDT, is known for its pseudonymity and resistance to chargebacks, making it attractive for illicit purposes.
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