Tether Assists DOJ in $225M Stablecoin Seizure Linked to ‘Pig Butchering’ Scam

Tether said the seizure aligns with its mission to promote transparency and security, noting it has frozen over $2.7 billion in USDT connected to suspicious activity.

Tether, the issuer of the world’s largest stablecoin, has actually been commended by the U.S. Department of Justice (DOJ) for assisting in a major enforcement operation. He added that working with the DOJ highlights the business’s proactive role in avoiding the misuse of stablecoins and promoting transparency in the crypto sector.Tether Supports GENIUS Act Compliance PushAs the most commonly utilized U.S. dollar-pegged stablecoin, Tether has actually long been at the center of regulatory debates. Tether has actually revealed its readiness to comply, calling the procedure an essential step towards ensuring the long-term security and reliability of stablecoins.The post Tether Assists DOJ in $225M Stablecoin Seizure Linked to ‘Pig Butchering’ Fraud appeared originally on CryptoPotato.