The last time, only a week ago,#Reutersparticipated in the promotion of this topic with the topic of selling Venezuelan oil for USDT (a large analysis of the “Cold Cryptocurrency War” was published on April 23). This time The Wall Street Journal joined the topic. And this is not the first time they have carried out information attacks against the#USDTissuer, the#Tethercompany.

But#WSJthis time acts only as a media platform for the attackers - US Senators Elizabeth Warren (Democrat and big “fan” of crypto assets) and Roger Marshall (Republican). They sent a joint letter to President Biden's administration. It says US senators are concerned about the use of#USDTin Russia and North Korea to circumvent US sanctions.

In their letter, they just quoted the April Fools' article #WSJ, which provides an example of the use of USDT by the Russian military concern Kalashnikov to purchase necessary goods in China.

Let us recall several other points from that article:

- Russian companies use USDT to circumvent US sanctions.

- The authorities have no way to track transactions in USDT.

- Payment in USDT allows Russian companies to receive the goods they need without any problems.

- A Russian platform for cross-border payments in#USDTcalled “Exved” (launched by the founder of the sanctioned Garantex) processed hundreds of millions of dollars in Russian foreign trade payments monthly. And the founder of#Garantexsaid in January 2024 that Tether has already proven its usefulness for importers, because... allows you to avoid sanctions.

The USDT issuer, Tether, announced at the end of December 2023 that it would blacklist all wallets from the US sanctions list. And since then I have repeated this several times. But how strictly she does this is a question. And the stablecoin market will not redistribute itself. The#USDCissuer, the#Circlecompany, could use some help from the US authorities in the fight against a powerful competitor.

Tether has not yet commented on today’s story, but they have released a release about a $200 million investment in the biotech company Blackrock Neurotec. Which creates tools to help people suffering from paralysis, sensory problems and neurological disorders. The investment was made through the newly created venture arm of Tether Evo.#TetherOn April 18, we recall, announced a large-scale restructuring of its business. Which, in fact, will be a serious diversification.

We believe that the best thing to do in such a situation is to diversify. By distributing your $ across stablecoins from different issuers. If money and USDT scam happen, it will not cause a collapse of the crypto market. Rather, the market growth is based on purchases of volatile assets. But this could cause the collapse of many individual deposits.