Tether: Since its inception, it has partnered with 180 organizations to freeze approximately 1,850 wallets for illegal activities
Tether's reserves consist primarily of U.S. Treasuries, with holdings of more than $97.6 billion, according to data disclosed in a post on the company's official website - Tether's Treasury holdings rank 18th globally if you think of Tether as a country, ahead of Germany, the UAE, and Australia, to name a few.
Since its inception, Tether has worked with 180 organizations in 45 jurisdictions, freezing approximately 1,850 wallets involved in illegal activity and recovering more than $113.8 million in assets. Most recently, Tether took decisive action against the notorious North Korean hacker organization Lazarus Group, freezing and blacklisting them.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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