Tether Responds Fiercely To The United Nations Money Laundering Accusations

Tether denies the UN's claims about its USDT stablecoin being used for illegal activities. The UN accused USDT of being involved in money laundering and scams causing Tether to respond on January 16, saying blockchain technology helps fight crime.

Tether works with law enforcement agencies like the DOJ, FBI, and USSS. They say this proves their commitment to stopping financial crime. They stated their belief in blockchain’s ability to make tracking illegal activities easier, not harder.

Tether's blockchain network is transparent, allowing for close monitoring of transactions. This helps them stop illegal transactions, something hard to do with traditional money. They cited the fact that they recently blocked over $300 million in suspicious transactions.

Tether asks the UN to see the benefits of blockchain in fighting crime rather than criticizing it. They want to work together to understand and use blockchain better. We believe in using digital currencies responsibly and transparently, They said.

They invited the UN to discuss and find ways to reduce digital asset crimes. Tether's approach shows a trend in the crypto industry to fight financial crime actively, arguing that blockchain can be a tool against crime, not a cause of it.