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Crypto vs. Dollar

📌 Tether CEO details reserve assets for USDT stablcoin.

Paolo Ardoino, CEO of Tether, took the stage at the PlanB event in Lugano, Switzerland, to present information on the reserve assets backing the Tether-USD cash coin. Tether

– Paolo Ardoino, CEO of Tether, took the stage at the PlanB event in Lugano, Switzerland, to present information on the reserve assets backing the Tether-USD cash coin.

Ardoyno said that Tether holds about $100 billion worth of U.S. Treasury securities, more than 82,000 bitcoins worth about $5.5 billion at current market prices and 48 tons of high-grade gold.

a recent Wall Street Journal report sparked fear, uncertainty and doubt. The article said that the U.S. authorities are investigating the company for violations of anti-money laundering rules and U.S. sanctions.

On the background of fear, uncertainty and doubt, the CEO of Tether paid attention to asset reserves. After the article was published on Oct. 25, Tether’s CEO issued a sharp rebuttal to the allegations, saying, As we told The Wall Street Journal, there is no indication that Tether is under investigation.

We regularly and directly cooperate with law enforcement to prevent rogue states, terrorists and criminals from using USDT. If our company is under investigation, as falsely claimed in the article, we need to know about it. On this basis, we can confirm that the claims in the article are blatantly false.

WSJ repeats the same old boring nonsense. Let’s end it right now.

Aldino also cited Tether’s history of working with law enforcement to recover stolen digital assets and stop illegal transactions.

Since 2014, Tether has helped law enforcement recover approximately $109 million that had been used for illegal activities such as fraud, sanctions evasion and cybercrime.

As a result of Aldino’s recent criticism of U.S. cryptocurrency policy as lagging behind other countries, a number of progressive companies involved in digital act

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