I couldn’t have written a better list of reason why not to use Tether :
- Tether stablecoins respect the OFAC / SDN lists.
- Tether has a highly trained internal investigation team that relies on a wide variety of tools, to monitor primary (core platform at tether.to) and secondary markets (blockchains and exchanges).
- Tether’s collaboration with Chainalysis helps our teams to have the best in class software and training for a proactive monitoring activity.
- Tether collaborated, since inception, with 124 law enforcement agencies across 40+ different countries.
- Tether blocked more than $1.3 billion since inception, mostly related to scams, hacks, ML. Approximately $1.6 million is related to terrorist finance.
- Tether collaborated, on a voluntary basis, in 198 requests from law enforcement to block wallets in the last 12 months (90 with US law enforcement), 339 in the last 3 years (158 with US law enforcement).
- Tether blocked more than $639 million working with US law enforcement.
- Tether onboarded the FBI and USSS for reissuances.
- Tether collaborates with Israel’s NBCTF and Ukraine law enforcement.
- Tether cooperates directly with law enforcement agencies, while other stablecoins, although they claim to be “more compliant” they require a judge order, allowing hackers, scammers and criminals a long time to move funds around.
