Tag Archives: tether controversy

Tether’s $1 Billion Bitcoin Buy Triggers Market Bubble Concerns, CEO Warns

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Tether, the issuer behind the leading stablecoin, USDT, has made headlines by acquiring $1 billion worth of Bitcoin—approximately 8,800 BTC—during the third quarter of this year.  While many investors have reacted positively to this significant investment, caution has emerged from industry experts like Jacob King, CEO of SwanDesk, who warns that this move may contribute… Continue reading Tether’s $1 Billion Bitcoin Buy Triggers Market Bubble Concerns, CEO Warns→

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’

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In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT,… Continue reading Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’→