Reducing Activities: company scaling back some business operations while continuing others

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Tether (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 Back

Tether has filed applications for trademark registration in Russia. Russian cryptocurrency exchange Garantex said on that stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion rubles ($28 million), forcing it to suspend operations days after it was hit with EU sanctions.

The Company Statement
May 28, 2024

Tether disregards Ukraine's plea to block Russian users - Bloomberg. Some unsanctioned firms use Tether stablecoin for transactions.

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Statements Archive
March 06, 2025Sanctioned Russian crypto exchange suspends services as Tether blocks wallets
August 26, 2024Tether CEO: Durov's arrest raises serious concerns
June 18, 2024'Next FTX' crypto giant Tether's ties to terrorists, trafficking to be exposed through campaign to take down 'Ponzi scheme' founded by former Disney child star
January 16, 2024Tether has filed applications for trademark registration in Russia
March 11, 2022Stablecoin Tether Disregards Ukraine’s Plea to Halt Russian Use
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