The U.S. is investigating Tether for alleged involvement in illicit activities such as sanctions evasion and money laundering, raising concerns over the stablecoin's integrity.
Tether labeled the WSJ article as irresponsible, asserting it had no information on any investigations and touted its cooperation with law enforcement to combat illicit activity.
Despite the WSJ article causing a temporary loss of USDT's peg to the dollar, the stablecoin quickly rebounded, demonstrating resilience against negative market sentiment.
Claims about Tether's lack of reserves, a previous FUD narrative, have diminished as its capitalization exceeds $120 billion, showcasing the stablecoin's strong market position.
Collection
[
|
...
]