U.S. Probes Stablecoin Giant Tether
The Manhattan U.S. attorney's office is investigating Tether, the issuer of the world's biggest stablecoin, over possible violations of sanctions and anti-money-laundering rules, the Wall Street Journal reported Friday.
The criminal investigation is probing whether criminals have used Tether's stablecoins to fund activities like drug trading and terrorism or to launder money, while the