Tether partners with Chainalysis to monitor transactions on secondary markets, ensuring compliance with sanctions and detecting illicit activities like terrorist financing.
Tether CEO states the collaboration with Chainalysis signifies a crucial move towards transparency and security in the cryptocurrency industry.
USDT faces regulatory scrutiny globally for alleged circumvention of international sanctions and enabling illicit finance, particularly highlighted in Venezuela's case and UN reports.
USDT, the leading stablecoin, has over $110 billion in circulation, pegged to $1 and primarily backed by U.S. Treasury bonds managed by Cantor Fitzgerald, with recent quarterly earnings of $4.52 billion.
[
add
]
[
|
|
...
]