Tether Faces Scrutiny Again: Federal Investigation Targets $4.3B in Sanctions

Federal investigators are back to turning up the heat on Tether (USDT), and this time it’s about potential sanctions violations involving a whopping $4.3 billion. According to reports, U.S. authorities are looking into whether Tether knowingly allowed USDT transactions with sanctioned parties, which could lead to serious consequences if proven. This is significant, as Tether’s USDT, with over $83 billion in market cap, is the largest stablecoin and a critical part of the crypto ecosystem.

The investigation, led by the DOJ, is focused on whether Tether facilitated transactions for blacklisted entities. If found guilty, Tether could face hefty fines or even restrictions, which could shake confidence across the stablecoin market.

With Tether already under the microscope over its reserves, this new investigation adds another layer of scrutiny. What do you think—could this be the beginning of major changes for Tether and the stablecoin world, or will it pass like previous controversies? Show Less

https://www.cryptotimes.io/2024/10/26/federal-investigators-probe-tether-for-sanctions-violations/
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