The CEO of Ripple spreads FUD about USDT as his company prepares to launch its own stablecoin - CEO Tether
🗣 Paolo Ardoino responded to the rumors spread by Brad Garlinghouse. He stated that Tether complies with regulatory requirements in jurisdictions worldwide:
▪️Tether operates on OFAC/SDN lists.
▪️A highly qualified team analyzes #transactions . Cooperation with Chainalysis allows more effectively identify wallets associated with illegal activities and sanctions evasion.
▪️Tether has collaborated with 124 law enforcement agencies in over 40 countries since its creation,
▪️Tether has frozen #wallets with $1,300,000,000+ for all time.
▪️Tether voluntarily responded to 198 law enforcement requests to freeze wallets (90 requests from the US government in the past 12 months.
▪️Tether has frozen over $639,000,000 at addresses in collaboration with the US government,
▪️Tether directly collaborates with law enforcement agencies, while other #Stablecoins issuers require a court order to freeze addresses.
