“Tether seeks to be a world class partner to the U.S. as we continue to assist law enforcement and expand dollar hegemony globally.”
Paolo Ardoino told Senator Cynthia Lummis that Tether helped freeze 326 wallets holding 435 million USDT. The recently frozen wallets appear to hold less than that. A stablecoin that can switch off any wallet on request is a bank with worse disclosure. Pitching yourself as a tool of dollar hegemony is how you ask Congress not to regulate you.