According to the WSJ, Tether is suspected of money laundering and possible facilitation of criminal activity.
🟢The $USDT stablecoin has long attracted the attention of authorities due to its popularity and frequent use to circumvent sanctions. Its peg to the dollar has made it a real favorite in the crypto industry, but with such popularity comes risks, including possible questions about the transparency and legality of its use.
🧐 Personally, I think that transparency of crypto projects should be at a high level so that they can build trust with users and authorities. It will be interesting to see how this investigation ends and how it will affect the entire crypto industry!