Russia debuts cross-border payments in Tether stablecoin
In addition to Tether, companies transacting through the Exved system can use the U.S. dollar and the offshore ruble, the platform said.
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In addition to Tether, companies transacting through the Exved system can use the U.S. dollar and the offshore ruble, the platform said.
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Tether and Bitfinex say the decision not to appeal the Freedom of Information Law request by several media outlets was made in the interests of transparency.
Polygon has been a partner for the Swiss city since at least 2022, providing the infrastructure for its stablecoin.
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Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams.
Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.