Reported about 1 month ago
Tether, a leading stablecoin issuer, has dismissed allegations from the Wall Street Journal regarding an investigation by the U.S. government into potential sanctions violations and money laundering. The company stated it is unaware of any such inquiries and highlighted its collaboration with law enforcement to combat misuse of cryptocurrencies. Despite past scrutiny over its reserves, Tether's CEO affirmed that the stablecoin is fully backed by real assets, including significant holdings in U.S. treasuries, bitcoin, and gold.
Source: YAHOO