CandleFocus

CHART: Tether has attracted US government action 19 times

The Wall Street Journal has reported that the US government is investigating whether Tether, the largest stablecoin, has been used for illegal activities by third parties. Tether has faced legal issues since 2012 when lawsuits were filed against its sister company, Bitfinex. The pseudonymity, chargeback resistance, and widespread acceptance of Tether make it attractive to criminals. Protos has created a chart to track Tether's encounters with the US government, excluding civil lawsuits and criminal investigations outside the US.

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