Tether, a leading stablecoin issuer, has slammed the Wall Street Journal (WSJ) for what it calls outdated, inaccurate, and misleading coverage and allegations against the company. It demonstrates that Tether has been the target of negative reporting by the WSJ and other legacy media, while positive coverage has been reserved for companies like FTX, despite high-profile failures. Tether claimed that the latest WSJ report insinuates that the company operates outside regulation, which is far from the truth. The company asserts that it operates under substantial financial regulations and cooperates on a daily basis with global law enforcement. Tether asserts that it is a committed partner of global law enforcement and has built and maintained world-class compliance programs.

Source: Wall Street Journal March 11, 2023 13:39 UTC