Tether, the company that created the popular stablecoin USDT, has taken the initiative to publicly reveal letters it sent to the US House Financial Services Committee and the US Senate Committee on Banking, Housing, and Urban Affairs in an attempt to reaffirm its commitment to openness and legal compliance.
Tether, which has taken a proactive approach to maintaining the integrity of the cryptocurrency ecosystem, has increased its commitment to fighting the exploitation of its stablecoins in unlawful operations under the direction of Paolo Ardoino, its newly appointed CEO.
Tether Freezes 200 Wallets: Compliance Triumph
As part of a calculated move, the organization implemented a novel wallet-freezing policy that targeted persons on the Specially Designated Nationals list.
As a result of this audacious move, over 200 wallets were frozen, demonstrating the company’s commitment to upholding compliance and discouraging possible wrongdoers.
This letter is in response to one that was writte
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