The U.S. Division of Justice has launched an investigation into the stablecoin firm Tether, based on a brand new report.
A prison investigation into the corporate and its dollar-pegged stablecoin USDT is underway, spearheaded by the U.S. legal professional’s workplace in Manhattan, stories the Wall Road Journal.
The DOJ is investigating “potential” violations of sanctions and anti-money-laundering guidelines, based on folks acquainted with the matter.
The information has triggered a small de-peg for USDT, with the coin that’s designed to stay at $1 now buying and selling at $0.9925 at time of publishing.
USDT is the most important stablecoin in the marketplace, with a $119 billion market cap.
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