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Tether: Ten years, 100,000,000,000 USDT, and still no audit

Tether now has a market cap over $100 billion, representing a new peak in its role as the most important stablecoin.

1,200 slaves freed from Myanmar pig-butchering compound

Pig-butchering scams based at the Myanmar compound have reportedly raked in around $100 million in USDT over the past two years.

The Myanmar-based compound that houses the USDT-powered pig-butchering scam is “likely home to thousands of trafficked workers.”

USDT has become a popular payment method for criminal gangs, particularly those in the gambling industry, operating in Southeast Asia.

A few weeks after US Secret Service and FBI agents began surveilling USDT wallets, Tether announced “voluntary” sanctions compliance.