#tether

#tether

Don't look now but an overseas crypto colossus has just strode onto America's shores. I'm talking, of course, about Tether. For over a decade, the wildcat stablecoin firm operated as a global nomad before announcing in January it would set up a physical headquarters in El Salvador. Then, on Friday, founder Paolo Ardoino turned up in New York City to announce Tether would be launching a new U.S.-compliant stablecoin called USAT.

Tether ( Tether, the issuer of the world's largest stablecoin, USDTCRYPTO:USDT), has deepened its push into precious metals with a $100 million investment in Canadian gold royalty company Elemental Altus Royalties. This follows Tether's earlier acquisition of a 37.8% stake in Elemental for $105 million in June, bringing its total ownership to a controlling position.

Gugnin allegedly facilitated over $530 million in transactions for Russian clients linked to sanctioned banks, employing Tether to circumvent US sanctions and export controls.