Binance Tether and DoJ

Will the DOJ force Binance to compromise by pressuring Tether?

By Yugocean | Crypto Champion | 21 Nov 2023


     Department of Justice (DoJ)'s relationship with CZ and Binance US isn't sweet; now, after using Tether, DoJ may put pressure on Binance with its help.


DoJ's screws on Tether

     Tether is the largest stablecoin creator in the world, and Tether maintains complete control over its stablecoins. DoJ has recently tested it by freezing some trafficking syndicate's stablecoins. The question now is whether DoJ will control the stablecoin market by controlling Tether.


DoJ is asking for money from Binance

     Binance has to go through a lot of controversies to remain in the US market. This time, the DOJ has offered Binance relief like other trading companies, and the DOJ is ready to close the cases of economic crimes against Binance for a huge amount (no personal respite for CZ).


The DoJ may freeze Binance's USDT

     Hardly any company in the US market expands its business without scratching the itch of the corrupt. Binance also seems to be in trouble now; either it will have to pay money to DoJ, or DoJ can put pressure on Tether and freeze Binance's USDT.

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Yugocean
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