WSJ: Tether is disrupting the US global sanctions system
On September 13, the Wall Street Journal (WSJ) published an article saying that Tether (USDT) is undermining the fight against arms dealers, sanctions breakers and fraudsters in the United States. In 2023, almost as much money will flow through the Tether network as through Visa cards, and the annual net profit will reach 6.20 billion US dollars, which has surpassed the asset management giant BlackRock (the net profit of common shareholders is 5.50 billion US dollars), but the number of Tether employees (less than 100 people) is only a small part of BlackRock. The article pointed out that although Tether will vet the identity of direct customers, its huge secondary market is not regulated. According to a United Nations report in January this year, USDT is the "first choice" for money laundering in South East Asia.