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Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says

Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
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Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says

By Federico Maccioni DUBAI (Reuters) - Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on.

City ofUnited kingdomRepublic ofUnited arab emiratesMark potterTommy reggiori wilkesPaolo ardoinoFederico maccioniElizabeth howcroftInternational settlementsStablecoin tetherEditing tommy reggiori wilkes

Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says

By Federico Maccioni DUBAI (Reuters) - Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on.

Republic ofUnited arab emiratesCity ofUnited kingdomElizabeth howcroftTommy reggiori wilkesFederico maccioniPaolo ardoinoMark potterInternational settlementsStablecoin tetherEditing tommy reggiori wilkes

TRM Labs Says Illicit Funds in Crypto Shrank 9% in 2023; Criminals Still Handled $34B

TRM Labs Says Illicit Funds in Crypto Shrank 9% in 2023; Criminals Still Handled $34B
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Crypto Company Says Oops, Its Coin Was Being Used in a Human Trafficking Scam

Deep Dive A crypto company working with the feds after an investigation revealed that millions of dollars worth of its coins were being used for human trafficking. In a press release, the people behind the stablecoin Tether, whose value is pegged to the US dollar, explained that the company was forced to freeze $225 million […]

Los angelesDepartment of justiceHuman traffickingStablecoin tetherPig butchering