According to BlockBeats, (The Wall Street Journal) said that Tether (USDT) is undermining the US fight against arms dealers, sanctions breakers and scammers. In 2023, the funds flowing through the Tether network were almost as much as those through Visa cards, with a full-year net profit of $6.2 billion, surpassing BlackRock's $5.5 billion, but Tether has less than 100 employees.
The Wall Street Journal pointed out that although Tether will review the identity of direct customers, its huge secondary market is unregulated. According to a report by the United Nations in January this year, USDT is the "first choice" for money laundering in Southeast Asia. Tether can track every transaction on the public blockchain ledger and can freeze and destroy USDT in any wallet.