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Tether forms strategic alliance with former subsidiary rhino.fi
Tether has announced a “strategic alliance” with rhino.fi, formerly known as DeversiFi and previously known as Ethfinex, which the company claims will improve the liquidity of rhino.fi’s blockchain bridging solutions.
The creator of Rhino.fi is Ethfinex, a subsidiary of Tether that spun off from Bitfinex to create a trustless exchange (without the need to trust a third party).
Eventually, the associated trading volume returned to Bitfinex, and token trading on the blockchain became the domain of DeversiFi, which more clearly split from Bitfinex through a management buyout.
#Tether. #Tether #TetherCEO #TetherUpdate
Tether has announced a “strategic alliance” with rhino.fi, formerly known as DeversiFi and previously known as Ethfinex, which the company claims will improve the liquidity of rhino.fi’s blockchain bridging solutions.
The creator of Rhino.fi is Ethfinex, a subsidiary of Tether that spun off from Bitfinex to create a trustless exchange (without the need to trust a third party).
Eventually, the associated trading volume returned to Bitfinex, and token trading on the blockchain became the domain of DeversiFi, which more clearly split from Bitfinex through a management buyout.
#Tether. #Tether #TetherCEO #TetherUpdate
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The heir to the Cartier jewelry company was accused of laundering proceeds through USDT
US authorities have arrested the heir to the Cartier jewelry empire, charging him with conspiracy to launder drug proceeds using Tether (USDT).
Miami law enforcement has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, founder of the luxury watch, necklace and bracelet company, on suspicion of collaborating with a Colombian drug cartel.
Along with five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, doing so primarily through over-the-counter (OTC) USDT transactions. During this time, the criminals managed to launder only $14.5 million.
Currently, Cartier is in a pre-trial detention center in Miami, and his accomplices are in Colombian prisons.
#USDT. #USDT。 #Tether #Tether.
US authorities have arrested the heir to the Cartier jewelry empire, charging him with conspiracy to launder drug proceeds using Tether (USDT).
Miami law enforcement has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, founder of the luxury watch, necklace and bracelet company, on suspicion of collaborating with a Colombian drug cartel.
Along with five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, doing so primarily through over-the-counter (OTC) USDT transactions. During this time, the criminals managed to launder only $14.5 million.
Currently, Cartier is in a pre-trial detention center in Miami, and his accomplices are in Colombian prisons.
#USDT. #USDT。 #Tether #Tether.
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Tether invested another $380 million in Bitcoin
The issuer of the largest stablecoin by capitalization, USDT Tether, invested an additional $380 million in Bitcoin in IV 2023, bringing the total investment volume to 2.8 billion. Thus, at the end of the reporting period, the company purchased 8,888 BTC, and now has 66,465 coins in its account.
The Block material
#Tether #Tether. #TetherCEO #TetherUpdate #BTC!💰
The issuer of the largest stablecoin by capitalization, USDT Tether, invested an additional $380 million in Bitcoin in IV 2023, bringing the total investment volume to 2.8 billion. Thus, at the end of the reporting period, the company purchased 8,888 BTC, and now has 66,465 coins in its account.
The Block material
#Tether #Tether. #TetherCEO #TetherUpdate #BTC!💰
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Tether representatives responded to UN statements
Tether representatives published a message expressing disappointment with the latest UN report and questioning the use of USDT in criminal activities. The stablecoin issuer advised the organization to better understand how blockchain works and what advantages this technology has.
This position of the organization devalues the role of USDT in helping developing economies, which are completely ignored by global financial markets, the company believes.
Representatives called the monitoring of stable coins unprecedented. This was mainly achieved through cooperation with law enforcement agencies. According to Tether, the level of traceability of stablecoins currently exceeds the systems of traditional banks, which “have served as a receptacle for the laundering of significant amounts of money for decades.”
The company also called on the UN to cooperate as it consistently advocates for transparency and accountability in digital assets.
#Tether. #Tether #Tether #TetherUpdate
Tether representatives published a message expressing disappointment with the latest UN report and questioning the use of USDT in criminal activities. The stablecoin issuer advised the organization to better understand how blockchain works and what advantages this technology has.
This position of the organization devalues the role of USDT in helping developing economies, which are completely ignored by global financial markets, the company believes.
Representatives called the monitoring of stable coins unprecedented. This was mainly achieved through cooperation with law enforcement agencies. According to Tether, the level of traceability of stablecoins currently exceeds the systems of traditional banks, which “have served as a receptacle for the laundering of significant amounts of money for decades.”
The company also called on the UN to cooperate as it consistently advocates for transparency and accountability in digital assets.
#Tether. #Tether #Tether #TetherUpdate