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U.S. government seizes about $90 million, drawing Tether into intermediary-risk debate

  • U.S. government seized assets from a California company’s bank accounts.
  • Approximately $90 million was seized in the action.
  • Tether confirmed it had assets at the bank involved.

The U.S. government recently seized approximately $90 million from bank accounts belonging to a California company, bringing Tether, the world’s largest stablecoin issuer, back into discussions about financial intermediary risk. Tether subsequently confirmed that it had assets at the bank involved.

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