Most Popular Cryptocurrency Keeps Showing Up in Illicit Finance

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/finance/currencies/most-popular-cryptocurrency-keeps-showing-up-in-illicit-finance-71d32e5eTether, the $84 billion so-called stablecoin bridging the worlds of cryptocurrencies and the dollar, is increasingly showing up in investigations tied to money laundering, terror financing and sanctions evasion.

Tether is now the world’s most heavily traded cryptocurrency by volume. The stablecoin, also known as USDT, maintains a 1:1 exchange ratio with the dollar. Traders use it to stash their cash, easily invest in other cryptocurrencies or swap it into traditional currencies such as the dollar.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bitcoin price doubles YTD, eyes $35,000 as cryptocurrency market prepares for BTC halvingBitcoin (BTC) price is already eyeing the $35,000 level after doubling its value year to date. With more gains in sight, it remains unclear what exact
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »

Cryptocurrency Use Grows in Global iGaming MarketA recent study found the number of crypto bets has grown 66.4% in the first nine months of 2023. Both the use of cryptocurrencies and fiat grew with the overall iGaming market.
La source: Covers - 🏆 341. / 59 Lire la suite »