Tether CEO: Competitors are maliciously spreading USDT-related FUD

BlockBeats news, on May 13, Tether CEO Paolo Ardoino posted on social media that a Tether competitor company under investigation by the SEC is currently spreading FUD related to Tether and USDT. Ardoino reiterated the security of the Tether ecosystem and listed examples of the current noteworthy situations in the ecosystem, mainly including:

· USDT is the most widely used stablecoin in the world, with hundreds of millions of users in major emerging markets and developing countries.

· Tether stablecoin complies with OFAC/SDN regulations

· Tether has an internal investigation team that relies on a variety of tools to monitor primary and secondary markets

· Tether has cooperated with 124 law enforcement agencies in more than 40 different countries since its inception

· Tether has frozen more than $1.3 billion since its inception, mainly related to fraud, hacker attacks, and machine learning. (Working with U.S. law enforcement to freeze $639 million)