Tether, the world’s largest stablecoin issuer, has vehemently denied a recent report by the Wall Street Journal (WSJ) alleging that the company is under investigation by US federal authorities. The company also pushed back against speculation that the US Treasury Department may impose sanctions on Tether.
In a statement, Tether expressed strong disapproval of the WSJ’s reporting, calling it “wildly irresponsible” and based on “pure rank speculation.” The company emphasized that no authorities have publicly confirmed any such investigation, and the article lacks named sources to substantiate its claims.
Tether highlighted its long-standing cooperation with law enforcement agencies in combating illicit activities involving cryptocurrencies. The company has actively worked with authorities to track down and apprehend individuals who have misused Tether and other digital assets.
