Tether: Partnered with 180 Institutions Since Inception, Frozen Around 1850 Illicit Activity Wallets
ChainCatcher reports that Tether has published data on its website revealing that its reserves are primarily composed of US Treasury bonds, with holdings exceeding $97.6 billion. If Tether were considered a country, its Treasury bond holdings would rank 18th globally, surpassing nations like Germany, the United Arab Emirates, and Australia.
Since its inception, Tether has collaborated with 180 institutions across 45 jurisdictions, freezing approximately 1,850 wallets associated with illegal activities and recovering over $113.8 million in assets. Recently, Tether decisively acted against the notorious North Korean hacking group, Lazarus Group, freezing and blacklisting accounts.