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Tether, the largest stablecoin in the cryptocurrency market, has recently made headlines for several significant developments. The company holds $81 billion in US Treasuries, which constitutes 70% of its reserves. In a strategic move to enhance transaction efficiency, Tether has launched its primary stablecoin, USDT, on the Aptos blockchain, aiming to reduce transaction costs for users. Additionally, Tether played a crucial role in assisting the U.S. Department of Justice (DOJ) in freezing $5 million in USDT linked to a pig-butchering scam, showcasing the importance of partnerships in combating fraud within the crypto space.
Tether Joins Forces with DOJ to Freeze $5M in Scam USDT Tether played a critical role in helping the DOJ seize $5M in USDT linked to a pig-butchering scam. Their swift action highlights the importance of trusted partnerships in the crypto space. As we navigate this evolving… https://t.co/3Foe6Hlegk
Tether & DOJ Tag-Team to Freeze $5M in Scammer USDT Crypto’s dark side got schooled when Tether helped the Feds snatch $5M in USDT from a bogus pig-butchering scam. Scammers thought they could ghost with the bag, but Tether froze their dirty wallets and let the DOJ trace those… https://t.co/24ercDPA0d
ICYMI: Tether has introduced its primary stablecoin, USDT, on the Aptos blockchain. This strategic move is set to reduce transaction costs significantly, providing users with a more economical and efficient way to conduct transactions. More details: ↓ https://t.co/j5uwi35Bst
