![Tether Responds to UN’s “Illicit” Accusations: “Understanding Blockchain is Essential”](https://coinobserver.net/wp-content/uploads/2024/01/tetherun.jpg)
Tether Responds to UN’s “Illicit” Accusations: “Understanding Blockchain is Essential”
The United Nations recently reported illicit USDT use, prompting Tether to issue a comprehensive response. However, Tether emphasized the benefits of their stablecoin in emerging economies, which the UN report allegedly neglected. Moreover, they highlighted the long-standing prevalence of money laundering in traditional banking systems. On the other hand, the UN report did not consider…