Tether CEO Paolo Ardoino said there were reports that an uninformed executive running a company being investigated by the SEC was spreading fear about USDT. Ardoino noted that this person also heads a company that is launching a "competitive stablecoin." Ardoino responded to concerns about the security of the USDT ecosystem and emphasized Tether's commitment to "ensuring our entire community can benefit from a secure global financial ecosystem." Ardoino touted Tether's commitment to complying with the OFAC sanctions list, its efforts to comply with laws around the world, and its use of tracking tools provided by Chainalysis. According to Ardoino, to date Tether has blocked over $1.3 billion in suspicious transactions related to fraud, hacking and money laundering. 🚀