Archived: https://archive.today/UnNtK

A giant unregulated currency is undermining America’s fight against arms dealers, sanctions busters and scammers. Almost as much money flowed through its network last year as through Visa cards. And it has recently minted more profit than BlackRock, with a tiny fraction of the workforce.

Its name: Tether. The cryptocurrency has grown into an important cog in the global financial system, with as much as $190 billion changing hands daily.

    • Flying Squid@lemmy.worldM
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      7 days ago

      Again, they can just do that with real dollars. Real dollars have value in those countries. It’s just hard to get them inside. Once they’re inside, they have value. Especially if you can get them out again.

      You’re trying way too hard with this conspiracy theory of yours. If the U.S. wants to do that sort of thing, and they have done it plenty of times, they just use real dollars.