Lamiyajahan
@lamiyajahan515
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In November 2021, during a conversation with Forbes Ukraine, Binance cryptocurrency exchange founder Changpeng Zhao (or CZ) called the United States the most crypto-friendly country in the world. Two and a half years later, CZ was forced to leave his position as Binance CEO under pressure from American regulators, and the company itself paid a record fine of $4.3 billion.
The company was suspected of violating anti-money laundering rules. In particular, Binance, according to regulators, could be used by terrorist organizations such as Hamas or Al-Qaeda.
Zhao, who currently ranks 51st on the Forbes Real-Time Billionaires list with a fortune of $33 billion, was banned from interfering in Binance's affairs for three years, but he can still own a majority stake in the company. He was replaced as CEO by Richard Teng, former head of regional markets at Binance. 0 reply
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βWe will continue to support protocols and blockchains that the community finds useful, and we will encourage the community to expand USDT use cases for each protocol,β Tether concluded.
Currently, native USDT is supported on 16 networks: TRON, Ethereum, Solana, Avalanche, TON, NEAR, Celo, Cosmos, Tezos, Liquid, Polkadot, as well as Kusama, Bitcoin Cash SLP, Omni, EOS and Algorand.
The end of support for Kusama, Bitcoin Cash SLP and Omni was announced last year. On August 17, the company stopped issuing new coins on these networks due to low user demand. Coin buyback is also available within 12 months from that date.
Then the company noted that if the blockchain shows a decline in activity for a long time, its support for Tether becomes ineffective and unsafe. 0 reply
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