Tether CEO slams federal probe claims: ‘No knowledge of any such investigations’

Quick Summary:

Tether's USDT recorded $6.47 billion in transaction volume, significantly outpacing USDC's $2.08 billion.

Reports also indicate that USDT may have enabled users in countries like Venezuela and Russia to bypass sanctions.

Despite the ongoing scrutiny surrounding its operations, USDT was actively pursuing several strategic developments for the upcoming year.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United StatesNorth KoreaVenezuela

Topics: Social News 1 Ambcrypto News Trading View Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 05:00:14 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23319141

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #103

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