đ” And again, Tether...
Tether seems to have remembered its promise to comply with US sanctions and has frozen several addresses with a total balance of $47 million.
đœ However, things are not as good for the company as they might seem at first glance. Criticism of the project is growing, and there is a trend of major market participants gradually moving away from USDT.
Tether has not advanced in solving important issues:
đą increasing the transparency of reserves;
đą conducting a full audit;
đą obtaining US and European licenses.
â Even basic information about correspondent banks where the reserves are located is still kept strictly confidential.
âïž This year, the MiCA bill will come into effect in the EU. To meet the requirements, Binance, OKX, and Uphold have already announced restrictions or a complete refusal to use USDT in Europe.
đŒ This has led to USDC significantly surpassing USDT in transaction volume in 2024.