Tether's CEO, Paolo Ardoino, has denied claims that the stablecoin issuer is under investigation by U.S. authorities. In a recent tweet, Ardoino stated there is 'no indication' of any investigation and criticized a Wall Street Journal report that suggested Tether could have violated sanctions and anti-money-laundering regulations. The report alleged that prosecutors were examining whether Tether was used in facilitating criminal activities such as drug trafficking. Ardoino referred to the journal's claims as 'old noise' and emphasized the lack of credible sources to back such allegations. A Tether spokesperson also condemned the report for lacking substance while asserting that the company actively collaborates with law enforcement to prevent misuse of its cryptocurrency. Despite facing scrutiny about the backing of its tokens, Tether remains the leading stablecoin, with a significant trading volume of $46.7 billion.

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