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The most popular cryptocurrency continues to appear in illicit finance

The most popular cryptocurrency continues to appear in illicit finance


Tether, the so-called $84 billion stablecoin linking the world of cryptocurrencies and the dollar, is increasingly appearing in investigations related to money laundering, terrorism financing and sanctions evasion.

Tether is now the most traded cryptocurrency in the world in terms of volume. The stablecoin, also known as USDT, maintains a 1:1 exchange ratio with the dollar. Traders use it to hide their money, easily invest in other cryptocurrencies or exchange it for traditional currencies like the dollar.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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