Tether, in response to lawmakers’ calls for the Department of Justice (DOJ) to take action against its stablecoin usage, has expressed its desire to become a “world-class partner” to the United States. Tether, a popular cryptocurrency that is pegged to the US dollar, has been under scrutiny from regulators due to concerns about its transparency and potential impact on financial stability. However, the company is now stating its willingness to work closely with US authorities and be a reliable partner in the evolving cryptocurrency landscape. Tether’s aim is to address any concerns and establish itself as a trusted player in the industry.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinTether responds to US lawmakers’ calls for DOJ action