Separating Competitor-Driven Disinformation from Reality
How Tether USD₮ is expanding the U.S. dollar monetary base across the world
Tether USD₮ is one of the biggest drivers of expansion of the U.S. dollar across emerging markets and developing countries
Tether FIAT stablecoins reserves highlights
as of 30 June 2024
For more info visit: tether.to/en/transparency
Where are Tether's reserves?
The majority is with a top-tier custodian in the U.S.
Source: Bloomberg
Transparency Revolution: Tether USD₮ and Blockchain Technology
Tether USD₮ leverages blockchain technology to ensure every transaction is transparent and reviewable, unlike the traditional banking system. Every transaction is recorded on a public ledger.
Beyond fostering global U.S. Dollar dominance
Tether is Actively Supporting Law Enforcement and Ensuring Ethical Use of USD₮
Tether has assisted law enforcement agencies in over 45 jurisdictions worldwide, including the NBCTF in Israel, to add in investigations of illicit activity.
Tether’s commitment to compliance and global security is unwavering.
We work with 180 agencies across more than 45 countries, including the FBI and the U.S. Secret Service, to prevent the misuse of Tether products in crimes.
Tether assisted private groups specializing in blockchain analytics and human trafficking to combat global "pig butchering" schemes. Its efforts have helped trace and freeze millions in laundered USD₮ used by organized crime syndicates.
In the past year alone, Tether has voluntarily blocked 1,850 wallets, 636 of which were in coordination with U.S. agencies.
Over the past three years, we have assisted in 555 requests, including 265 from U.S. agencies, blocking or freezing over $1.8+ billion in USD₮ linked to illicit activities.
Tether is committed to leveraging new technologies to enhance transparency and security.
Tether’s collaboration with Chainalysis has introduced advanced tools for monitoring sanctions, categorizing transactions, analyzing large wallets, and detecting illicit transfers.
Additionally, Tether monitors high-risk activity, including non-USD₮ cryptocurrency movements by DPRK-affiliated groups, to freeze illicit funds if converted to USD₮.
Compliance Capabilities and Actions
Tether adheres to strict KYC standards and has confirmed that no customers on the primary market have ever been involved in terrorist activities.
We ensure that all customers undergo thorough due diligence and are not subject to sanctions or linked to terrorist financing.
Tether's Compliance Department, staffed by industry professionals from major financial institutions and blockchain analysis firms, adheres to rigorous KYC/AML/CFT/CP and Sanctions standards. Each potential customer undergoes a comprehensive review, including background checks, source of funds verification, and sanctions list screening.
Tether's wallet-freezing policy aligns with the OFAC Specially Designated Nationals (SDN) List. Tether voluntarily freezes the wallets of individuals associated with the list and monitor USD₮ transmissions across multiple blockchains for suspicious or high-risk activity. Tether’s surveillance tools generate actionable leads for law enforcement, resulting in wallet freezes and potential reissuances.
Tether enhances its tracing capabilities by incorporating machine learning to detect suspicious activity patterns. Tether’s elite investigations team includes experts from the public sector, traditional finance, and blockchain analytics firms, specializing in virtual currencies and combating crimes such as CSAM and pig butchering.
Asset-Freezing Policies and Capabilities
Tether has assisted law enforcement agencies in over 45 jurisdictions globally to aid in investigations of illicit activity, including terrorist financing.
Tether has frozen over 1.8+ billion USD₮ in secondary market addresses, primarily connected to thefts and exchange hacks.
Approximately 112 million USD₮ obtained through fraud and theft has been redistributed to rightful owners and law enforcement through reissuance agreements.
In December 2023, Tether initiated a new voluntary wallet-freezing policy aligned with the OFAC SDN List to combat sanctioned activities.
Tether has assisted in freezing 723 wallets totaling approximately USD₮ 691 million for various U.S. agencies, including the FBI, USSS, and other prominent U.S. federal law enforcement agencies.
Tether assists the U.S. Secret Service, the FBI and other prominent U.S. Federal Law enforcement agencies in combating illegal activities and aiding in fund recovery. Tether recently onboarded the United States Secret Service and the FBI onto our platform to extend support to victims of crimes under investigation by other prominent U.S. Federal law enforcement agencies. Tether's efforts have received recognition for freezing nearly $15 million in crypto.
Prominent U.S. federal law enforcement agencies have publicly acknowledged Tether for assisting in combatting illicit financing.
Source: U.S. Attorney's Office
Tether has helped authorities in Israel and Ukraine identify and freeze 210 addresses, totaling approximately 50,600,000 USD₮. Its assistance to Israel’s NBCTF predates the attacks of October 7, 2023, and we continue to work closely with them and other global agencies.
Big media outlets, once seen as trustworthy, are now frequently spreading fake news, leading to a significant loss of public trust and credibility. Here’s a snapshot of our responses to misinformation over time:
To WSJ:
https://tether.io/news/more-outdated-allegations-from-the-wsj/
https://tether.io/news/more-tether-fud-from-wsj/
https://tether.io/news/tether-reinforces-stance-against-cryptos-terrorist-utilization-urges-governments-to-fact-check-mainstream-medias-misinterpretation-of-data/
To Bloomberg:
https://tether.io/news/hey-bloomberg-heres-the-short-of-it/
To FT:
https://tether.io/news/ft-article-a-selective-rehashing-of-irrelevant-inaccurate-old-news/
Look at the facts, not baseless accusations.
Together, we’re making the digital economy more secure, resilient, and dollarized.
Safer Together
