BREAKING đš
Tether CEO Paolo Ardoino rebuts the Senate inquiry, insisting the probe overlooks recent compliance strides that have slashed Iranâlinked stablecoin volumes đ.
The senatorâs investigation alleges that USDT and USDC facilitate illicit financing in Iran, a claim Tether says is unfounded. Ardoino highlighted the firmâs upgraded AML framework, mandatory KYC for highârisk accounts, and realâtime monitoring that have collectively driven a 40% drop in Iranian transaction flow. He also noted ongoing cooperation with U.S. Treasuryâs Office of Foreign Assets Control to enforce sanctions. Industry analysts view the reduced volume as evidence of effective risk management, though they caution that vigilance must remain high. The controversy underscores growing regulatory scrutiny of stablecoin ecosystems đ.
Tether vows to continue tightening controls while supporting legitimate crossâborder commerce â .
$AVA, $PHA, $AGT
Tether CEO Paolo Ardoino rebuts the Senate inquiry, insisting the probe overlooks recent compliance strides that have slashed Iranâlinked stablecoin volumes đ.
The senatorâs investigation alleges that USDT and USDC facilitate illicit financing in Iran, a claim Tether says is unfounded. Ardoino highlighted the firmâs upgraded AML framework, mandatory KYC for highârisk accounts, and realâtime monitoring that have collectively driven a 40% drop in Iranian transaction flow. He also noted ongoing cooperation with U.S. Treasuryâs Office of Foreign Assets Control to enforce sanctions. Industry analysts view the reduced volume as evidence of effective risk management, though they caution that vigilance must remain high. The controversy underscores growing regulatory scrutiny of stablecoin ecosystems đ.
Tether vows to continue tightening controls while supporting legitimate crossâborder commerce â .
$AVA, $PHA, $AGT