TechFlow news — Tether CEO Paolo Ardoino has pushed back against recent negative reports about USDT in a post on X. He emphasized that facts show USDT leverages the transparency of blockchain technology and actively cooperates with law enforcement agencies worldwide, complying with their requests.
USDT, in collaboration with Chainalysis, has blocked over $1.3 billion in funds linked to scams, hacking, money laundering (ML), and terrorist financing.
In the past 12 months, Tether has fulfilled 98 wallet-blocking requests from law enforcement agencies and worked with U.S. authorities to freeze more than $639 million in transactions. In contrast, other stablecoins require court orders and even allow hackers, scammers, and criminals to move funds for extended periods.
