Tether to pay $41 million penalty over false claims about USDT stablecoin

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In July, it has been reported that the U.S. Department of Justice (DOJ) launched a criminal investigation for possible bank fraud by Tether executives. At the time, the third-largest issuer of stablecoins commented that it “routinely has [an] open dialogue with law enforcement agencies…as part of our commitment to cooperation, transparency, and accountability.”

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