Ardoino defends Tether amid scrutiny, touts law enforcement cooperation

[chainsniff]

Facing long-standing criticism over illicit use, Tether CEO Paolo Ardoino argues the company is now more transparent and cooperative than ever. He says Tether works with nearly 300 law enforcement agencies across more than 60 countries, including the FBI and Secret Service, and follows U.S. sanctions rules.

According to Ardoino, Tether has frozen roughly $3.5 billion in tokens linked mostly to hacks and scams, including $225 million tied to a major “pig-butchering” fraud scheme in 2023. He contends that blockchain-based dollars are easier to monitor than cash, calling USDT a superior tool for combating financial crime despite ongoing skepticism from critics and ratings agencies.