Tether And Bitfinex Used Fake Documents, Shell Companies To Get Banking Access: WSJ Report

Since the earliest days of the cryptocurrency industry, Tether, the issuer of the world’s largest stablecoin by market share, USDT, has been shrouded with controversies and numerous accusations. What comes as the latest blow to the growing stablecoin maker, a report by WSJ states that the company leveraged falsified documents and shell companies to gain banking access at a time when they were facing difficulty to access the global banking system.