US Treasury Takes Aim at Tether and Beyond: Powering Up Sanctions Authority
Experts believe the new request by the US Treasury to have utmost control over all US dollar-backed stablecoins, even overseas, will accelerate the ongoing de-dollarization as privacy is key for mainstream blockchain adoption. The war on private stablecoins comes after the US Treasury Department butchered Binance Holdings last month with a $4.3 billion historical fine. […