The Wall Street Journal (WSJ) has published an article stating that Tether (USDT) is hindering the US government's efforts to combat arms dealers, sanction evaders, and fraudsters. In 2023, the amount of money flowing through the Tether network was nearly as much as that flowing through Visa cards. Tether achieved a net profit of $62 billion for the year, surpassing asset management giant BlackRock (net profit of $55 billion for common shareholders). However, Tether's workforce (less than 100 people) is a fraction of BlackRock's. The article points out that while Tether does check the identities of its direct clients, its vast secondary market remains unregulated. According to a UN report from January, USDT is the "preferred" tool for money laundering in Southeast Asia.