Food for thought! The transition to digital currencies is not easy! Digital currencies provide a once in a lifetime opportunity to privatize money!
Why not privacy for a private company if it so chooses? Just because the company is large by some measure and executes significant transactions does not automatically impose or require more disclosure (as e.g. some journalists may wish).
Does the company break any criminal laws? Often banking and money transactions are more successful and best done discreetly!
"About Tether
Tether was founded by a group of Bitcoin enthusiasts and early adopters, passionate about facilitating the use of fiat currencies in a digital manner.
In 2014, the company launched Tether.to, a blockchain-enabled platform aimed at disrupting the conventional financial system with a more modern approach to money."
"Tether Operations, S.A. de C.V. is an El Salvador-based entity and part of the group of companies that issues and manages the USD₮ stablecoin." (Google Search)
"Tether, which mints the world’s most widely used crypto token, is likely one of the most valuable private companies on earth, with an estimated value of $200 billion, exceeding the total share value of McDonald’s.
The company’s token, known as USDT, is a stablecoin pegged to the U.S. dollar that has become the backbone of a parallel banking system pervading parts of the world.
The token has also become a key tool for money launderers for industrial-scale scam centers, which operate out of grim office complexes across Southeast Asia. Tether’s assistance in law enforcement investigations has become highly sought-after by agencies around the world struggling to address surging crypto crime. ...
But who owns this powerful and controversial firm? The company has never given a full picture publicly. ..."
