Paolo Ardoino, CEO of Tether, revealed that the company has improved compliance protocols, ensuring USDT is used for legal transactions only. Collaborating with over 230 law enforcement agencies, including the FBI, Tether enhances its monitoring systems significantly.
Ardoino discussed Tether’s role in curbing illegal activities, asserting they can freeze assets linked to misconduct. Tether’s robust reserves of approximately 120 billion USD in U.S. Treasuries exceed the supply of USDT, ensuring user trust.
Tether is also considering launching a U.S.-only stablecoin to better comply with stringent regulatory guidelines. Proposed U.S. Bills are pushing for increased supervision of all stablecoin issuers to ensure transparency and reliability.
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