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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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