Tether CEO Pushes Back on Claims Over Stablecoin Use in Iran
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Tether CEO Paolo Ardoino disputes accusations involving Iran, saying a senator’s investigation overlooks work that helped reduce transaction volumes.
Tether CEO Paolo Ardoino has defended the stablecoin issuer against accusations that its tokens have facilitated financial activity in Iran, according to CoinDesk.
Tether argues that a senator’s investigation fails to account for steps the company says have helped bring down Iran-related transaction volumes.
The dispute centers on Tether’s role in that activity and its response. The source summary provides no figures for the reported decline or details of the measures the company credits.
Source: CoinDesk
