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In response to recent accusations from the United Nations, Tether strongly questions the characterization of its stablecoin USDT as the preferred tool for criminals. The recent UN report suggested that Tether's USDT is involved in various illegal activities. The Tether team emphasizes their collaboration with global law enforcement agencies, including the DOJ, FBI, and USSS. Additionally, Tether states that the report overlooks the crucial role of blockchain technology in detecting and preventing illegal activities. As a stablecoin issuer, Tether enables law enforcement to freeze illegal transactions, a capability not possessed by traditional assets. The transparency of public ledgers facilitates detailed transaction tracking, providing a powerful tool for combating cryptocurrency-related crimes. |
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