Tether Usage Reallocates as US Officials Intensify Scrutiny of $120 Billion Stablecoin

TL;DR Tether has seen a surge in usage across EMEA time zones amid growing attention from US regulators. Increased adoption of USDT has been seen in sanctioned countries such as Russia and Iran, facilitating transactions amid banking restrictions. Federal investigations in the US focus on possible sanctions violations and money laundering related to the use ... source: https://crypto-economy.com/tether-usage-reallocates-as-us-officials-intensify-scrutiny-of-120-billion-stablecoin/