Tether Pledges Cooperation with Authorities to Combat Illicit Uses of Stablecoins
• Tether responds to lawmakers' calls for DOJ action over use of its stablecoin, claiming it wants to be a "world class partner to the U.S."
• Tether details its commitment to fighting illicit use of stablecoins, including its KYC program, transaction monitoring, and proactive identification of suspicious activity.
• Tether notes it assists law enforcement when called upon, remains committed to working with agencies globally, and helps identify and freeze addresses engaged in illicit activity.
• Tether announced a voluntary wallet-freezing policy in December, offering controls to freeze wallets associated with sanctioned persons on the OFAC SDN List.
• Tether's CEO said the company seeks to be a world class partner to the U.S. as it continues assisting law enforcement and expanding dollar hegemony globally.