Tether: With 350 Million Users Worldwide, Provides Unprecedented Support for US Dollar Hegemony

Article is form followin
September 18, 2024
This article is translated by ChatGPT Show original
Back Icon Image

On September 18, Tether published a statement on its official website, stating that it has become a pioneer in the stablecoin market by prioritizing financial transparency, resilience, and cooperation with global law enforcement agencies. It has facilitated access to financial services, especially in areas where traditional banking systems are inadequate. This commitment to promoting global financial inclusion has made Tether a cornerstone of the modern financial ecosystem.

Tether asserts that its financial position is audited by independent accounting firm BDO, a leader in the field supported by global law enforcement agencies, consistently working to combat cryptocurrency fraud. Tether is also a driver of global financial inclusion, boasting over 3.5 billion users worldwide, providing unprecedented support for the dollar's dominance. The company has also demonstrated its resilience and stability in resisting market volatility.

BlockBeats previously reported that The Wall Street Journal had published an article earlier this month stating that Tether's net profit last year reached $6.2 billion, surpassing BlackRock, and is disrupting America's global sanctions regime.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.