TechFlow news, November 1 — According to a Bloomberg report, Chainalysis' latest research shows a significant increase in the usage of the stablecoin USDT across the Europe, Middle East, and Africa (EMEA) time zones. Data indicates that from January to October this year, newly activated USDT wallets were primarily concentrated between 9 a.m. and 2 p.m. UTC, aligning with time zones such as Moscow and Tehran.
As U.S. authorities intensify investigations into Tether over potential anti-money laundering and sanctions-related issues, scrutiny over USDT's usage has grown. Philip Gradwell, Tether's head of economics, stated that USDT has become a key tool for cross-border payments and value storage in emerging markets like Africa.
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