Wu said that Tether CEO Paolo Ardoino tweeted that a Tether competitor under investigation by the SEC is spreading FUD about Tether and USDT. Ardoino reiterated the security of the Tether ecosystem, mainly including that Tether stablecoin complies with OFAC/SDN regulations; Tether has an internal investigation team that relies on various tools to monitor the primary and secondary markets; Tether has frozen more than $1.3 billion since its inception, mainly related to fraud, hacker attacks, machine learning, etc.