Tether has reported an impressive profit of $6.2 billion, surpassing prominent financial firm BlackRock's earnings for the year 2023. This significant profit has drawn attention to the lack of regulatory oversight governing USDT transactions, sparking concerns in the financial community.
The article highlights that the substantial earnings contrast with the less regulated environment of Tether, raising questions about the security and transparency of its operations.
The growing scrutiny emphasizes the need for more stringent regulatory frameworks to oversee stablecoin transactions like those conducted by Tether.
