Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackTether (often referred to by its currency codes, USD₮ and USDT, among others) is an asset-backed cryptocurrency stablecoin. It was launched by the company Tether Limited Inc. in 2014. Tether Limited is owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackTether has filed applications for trademark registration in Russia.
Tether disregards Ukraine's plea to block Russian users - Bloomberg. Some unsanctioned firms use Tether stablecoin for transactions.