US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. This remark follows increasing reports that malicious actors used Tether’s stablecoin for their illicit activities.... source: https://cryptoslate.com/us-treasury-official-targets-tether-usdt-stablecoin-in-russian-sanction-evasion/