Stablecoin Issuer Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia

The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have emerged as among the most popular vehicles for cryptocurrency-based money launderers, particularly for those using Tether or USDT on the TRON blockchain” in the region.