Tether Market Cap Grows Over $10B in 3 Months While Battling Money Laundering Accusations
• Tether (USDT) has seen its market cap grow from $84B on Oct 15th to over $94B on Jan 15th, adding about $10B in 3 months • USDT accused by UN agency of being used by criminals for money laundering & fraud, but Tether denies and says it collaborates with law enforcement • Tether continues accumulating Bitcoin (BTC), now holding about 66,400 BTC worth $2.8B • In August, Tether held just $1.6B worth of Bitcoin, making it 11th largest BTC holder • Tether pushing back against claims it enables criminal activity, saying illicit use of USDT is difficult to track