Tether CEO: Tether has an internal investigation team that relies on various tools to monitor the primary and secondary markets

ChainCatcher news, Tether CEO Paolo Ardoino posted on social media that a competitor company of Tether, currently under investigation by the SEC, is spreading related FUD about Tether and USDT. Ardoino reiterated the security of the Tether ecosystem and listed notable situations currently worth mentioning, mainly including:

• USDT is the most widely used stablecoin in the world, with hundreds of millions of users in major emerging markets and developing countries.
• Tether's stablecoin complies with OFAC / SDN regulations.
• Tether has an internal investigation team that relies on various tools to monitor primary and secondary markets.
• Tether has collaborated with 124 law enforcement agencies from over 40 different countries since its inception.
• Tether has frozen over $1.3 billion since its establishment, primarily related to fraud, hacking, and machine learning. (In cooperation with U.S. law enforcement, $639 million was frozen.)