The U.S. Department of Justice has launched an investigation into Tether, the issuer of the stablecoin USDT, for potential sanction violations and money laundering breaches, as reported by the WSJ.
Manhattan prosecutors are assessing whether USDT was used to fund criminal activities such as drug trafficking, hacking, and terrorism.
Tether denies the allegations, labeling the WSJ article as speculative rumors that ignore its cooperation with authorities.
