WSJ: Tether is disrupting the US global sanctions system
2024-09-13 05:02:32
On September 13, the Wall Street Journal (WSJ) published an article saying that Tether (USDT) is undermining the fight against arms dealers, sanctions breakers and fraudsters in the United States. In 2023, almost as much money will flow through the Tether network as through Visa cards, and the annual net profit will reach 6.20 billion US dollars, which has surpassed the asset management giant BlackRock (the net profit of common shareholders is 5.50 billion US dollars), but the number of Tether employees (less than 100 people) is only a small part of BlackRock. The article pointed out that although Tether will vet the identity of direct customers, its huge secondary market is not regulated. According to a United Nations report in January this year, USDT is the "first choice" for money laundering in South East Asia.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
WSJ：Tether正扰乱美国的全球制裁体系Next article：
美密苏里州一男子因加密货币和税务欺诈被判处3年监禁
