Despite regulatory hostility, largest stablecoin yet again increased its market capitalization U.S. Dollar Tether (USDT) by Tether Limited, the largest…
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Tether, the world's largest stablecoin company, is intensifying its efforts to curb the illegal use of cryptocurrencies for funding terrorism and other criminal activities. The company has been actively cooperating with law enforcement agencies worldwide, recently addressing mainly armed conflict in Ukraine and Israel. As a result, it has frozen $835 million in assets, primarily related to thefts and exchange hacks. Tether's Global Effort to Thwart Criminal Activities Tether has so far assisted
Tether is the most well known stablecoin. It comes from the company Tether Limited Inc. Tether Limited has minted the USDT stablecoin on ten protocols and blockchains. Tether is pegged to the dollar at US $1.00 per token. Tether Limited is owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency…
Tether stablecoins are available for lending once again, despite company statements the practice would end. US$ 5.5 billion is being loaned. The practice was supposed to end this year. Tether is considered one of the strongest crypto assets due to its wide use and peg to the dollar. However, experts predict the loans will not…