The largest stablecoin by market cap in the past hours Tether (USDT) A very critical claim has been made about it. According to a new report published in Bloomberg, the US Department of Justice has removed a past investigation against Tether from dusty shelves.
The news reported that Tether’s scrutiny due to banking relations has resumed in the summer of 2021. Allegedly, a well-known New York prosecutor undertook the Tether investigation.
Tether Denies Investigation Claims!
The Tether team, at the center of the allegations, published a statement on the website after Bloomberg’s news. In the post published by the Tether team, the company’s cooperation with law enforcement around the world on issues such as money laundering and terrorist financing was mentioned. The team used the following sentences for Bloomberg’s claims:
“Bloomberg heats up and rewrites old and fake news. The news has no basis. The news platform also published a similar fake news in 2018.”
For now, this is seen as FUD news. Because before, many old or unfounded news about Tether had come to light and it was intended to have a negative impact on the market.
Countries Seek Alternatives to Stablecoins
The regulation of cryptocurrencies is on the agenda in most major countries, especially the USA. Regulators bitcoin, Ethereum more uncomfortable with stablecoins than with tokens like Many government officials have expressed concerns in the past that terrorism could be financed through stablecoins.
Most central banks have their own set of alternatives to stablecoins. digital currency (CBDC) continues to work to produce.
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