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Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin

Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.

Updated Sep 14, 2021, 10:22 a.m. Published Oct 23, 2020, 8:34 a.m.
Tether (USDT) is a dollar-pegged stablecoin.
Tether (USDT) is a dollar-pegged stablecoin.