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US DOJ probe into stablecoin Tether may have Taiwan angle | Taiwan News


2021/07/28 10:07
TAIPEI (Taiwan News) While Taiwan is not known as a crypto hub, Tether kept part of its fortune stashed in banks on the island for some time until its relationship with a financial institution acting as a bridge between East and West soured.
What is Tether?
Bloomberg reported Monday (July 28) that U.S. Department of Justice officials are probing the company behind the stablecoin Tether to see if it misled banks about the true nature of its business. Stablecoins like Tether are digital assets that are pegged to a real-world currency like the U.S. dollar or an asset such as gold. ....

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