Tether has sold more than forty eight billion tethers so far this year. In february, tether agreed to pay 18 point five million dollars to settle the new york suit without admitting wrong doing. Prosecutors from the us Department of justice sent letters to devisini and other tether executives informing them that they're targets of a criminal bank fraud investigation.
This week's Cover Story for Bloomberg Businessweek:
"Stablecoin Tether Grows Into Crypto World’s $69 Billion Mystery"
Read by Bloomberg's Mark Leydorf.
A wild search for the U.S. dollars supposedly backing the stablecoin at the center of the global cryptocurrency trade—and in the crosshairs of U.S. regulators and prosecutors.
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