By Ale_lux
3 hours agoTue Dec 19 2023 09:15:33
Reading Time: 2 minutes
- Tether has addressed concerns about the illicit use of USDT stablecoin by revealing communications sent to US lawmakers
- In the letters, Tether said it is taking proactive measures to alleviate fears over the use of USDT by terrorist groups
- Tether pointed out its work with the FBI and other agencies, and its asset-freezing activities
Tether has taken a proactive step in addressing concerns over the illicit use of its USDT stablecoin by revealing communications sent to US lawmakers in response to requests for intervention by the Department of Justice (DOJ). These letters, dispatched in recent weeks to members of the US Senate Committee on Banking, Housing, and Urban Affairs and the US House Financial Services Committee, aim to shed light on Tether’s “commitment to fighting illicit use of stablecoins.” The company has come under pressure over the use of the USDT token by terrorist groups and is clearly doing all it can to allay those fears.
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