US Department of Justice Investigating Tether (USDT) Over ‘Possible’ Violations of Sanctions, Anti-Money-Laundering Rules: Report
The US Department of Justice has launched an investigation into the stablecoin company Tether, according to a new report. A criminal investigation into the company and its dollar-pegged stablecoin USDT is underway, spearheaded by the U.S. attorney’s office in Manhattan, reports the Wall Street Journal. The DOJ is investigating “possible” violations of sanctions and anti-money-laundering rules, according to people familiar with the matter. The news has triggered a small de-peg for USDT, with the coin that’s designed to remain at $1 now trading at $0.9925 at time of publishing. USDT is the largest stablecoin on the market, with a $119 billion market cap. Source: https://thebittimes.com/us-department-of-justice-investigating-tether-usdt-over-possible-violations-of-sanctions-anti-money-laundering-rules-report-tbt103866.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Altcoin News Post by: Th...